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State the benefits of e-business.ORExplain the meaning of e-business. State its four benefits for modern business.ORWhy are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.

Answer»

There are actually innumerable advantages of e-Business, the most obvious one being the ease of doing business. 

Some of the major Benefits of e-business are as follows :

  • Easy to Set Up: It is easy to set up an electronic business. You can set up an online business even by sitting at home if you have the required software, a device, and the internet.
  • Cheaper than Traditional Business: Electronic business is much cheaper than traditional business. The cost taken to set up an e-business is much higher than the cost required to set up a traditional business. Also, the transaction cost is effectively less.
  • No Geographical Boundaries: There are no geographical boundaries for e-business. Anyone can order anything from anywhere at any time. This is one of the benefits of e-business.
  • Government Subsidies: Online businesses get benefits from the government as the government is trying to promote digitalization.
  • Flexible Business Hours: Since the internet is always available. E-business breaks down the time barriers that location-based businesses encounter. As long as someone has an Internet connection, you may be able to reach and sell your product or service to these visitors to your business website.


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