Q1

Dear Student
The following points highlight the importance of E-business:
i) Ease of formation & lower investment requirements – E-business is relatively easy to start than traditional business because of lower procedural requirements.

ii) Convenience – Internet offers the convenience of 24 * 7 * 365 business and therefore offers the advantage of accessing anything, anywhere, anytime.

iii) Speed – The buying or selling on the internet can be affected with the click of a mouse. The cycle time, i.e., the time taken to complete an order is reduced due to the simultaneous performance of various processes/activities.

iv) Global reach/access – Internet is used all over the world. Therefore, a seller can reach out to the global market through e-business affordably.

v) Movement towards a paperless society – Dependence on internet through e-business has considerably reduced paperwork and red-tapism.
Hope this information clarifies your doubts. Keep posting :-)
Regards