1.

Differentiate between traditional business and e-commerce.

Answer»
Traditional businesse commerce
1. Generally, one needs shop, office, godown, etc. at specific location to conduct business.1. One can do business from anywhere that too without the need of shop, or office, godown, etc.
2. Business can be done even without computer and internet.2. Business cannot be done without computer and internet
3. One needs a heavy capital investment.3. E commerce can be done even with quite a less capital investment.
4. Most tradition businesses are confined within the state or country.4. It is quite easy to do business at international level and so e commerce is not confined by geographical boundaries.
5. The means and speed of communication are slower.5. Communication is extremely fast.
6. Business transactions are slower.6. Business transactions are quite fast.


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