Question 27 answer plzz
Dear student
Regards
BASIS | TRADITIONAL BUSINESS | E-BUSINESS |
PHYSICAL PRESENCE | It requires a physical presence like an office or a shop. | It does not require physical presence because most of the trading is done through the internet and web portal. |
RISK | The risk is low in this case because the parties to a trade have direct contact with each other and a sense of trust among each other. | In this case, the risk is higher because the parties are not known to each other and moreover there is a risk of fraud. |
COST OF SETTING UP AND OPERATION | The cost incurred on setting a traditional business is high because of its physical presence. | The cost is less as compared to traditional business because this type of business can be carried out from anywhere without proper infrastructure. |
ACCESS | Its access is limited, moreover, to the local markets only. | Its access is unlimited to the global markets. |
Regards