What are the advantages of e-business?

Advantages of E-business – There are as under:

  1. It is much easier to commerce e-business than traditional business.
  2. The requirement of capital is less in e-business. A small firm can also obtain benefits of internet technology.
  3. Shopping can be done conveniently sitting at home. Now the consumers do not have to take a round of the market to purchase the goods. They can get information about the goods available at different shops. Transactions can be made 24 hours, 7 days a week and 365 days a year. It provides great convenience to sellers, buyers etc.
  4. Informtion can be exchanged through e-commerce and buying and selling can be done just on the click, e-business substantially reduces the cycle time of a transaction.
  5. In e-business, customers have wider choice. They can do shopping from the whole world. They can select from all potential suppliers of a required product or service, regardless of their geographical location. They can look and evaluate the same product in different parts of the world at the same time and buy the most suitable.
  6. Use of internet in e-business reduce dependence on paperwork.
  7. Tax payers can file tax returns online.
  8. Government can grant licences and approvals without much paperwork.

What are the features of outsourcing?

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