E-business – Today, modern business in facing global competition due to globalization change to techonology and increased customers expectations. Business throughout the world is changing its organisation,way of working and use of technology. Emergence of e- business, e-commerce business process outsourcing is the modern change. e-Business means conducting industry, trade and business using the computer networks. It offers the convenience of 24 hours, 7 days a week, 365 days a year business.
e-business is a composite of technologies, process and business strategies that foster the instant exchange of information within and between organisations. It is a comprehensive electronic system of trading which uses networks of computers for buying and selling goods and services. e-Business refers to any form of business transaction in which the buyers and sellers interact electronically using telecommunication networks. Physical presence of buyers and sellers is not required in e-business.
e-Business is conducting of industrial and commercial activities through computer network i.e. Internet. The interent users can order for the goods, receive their delivery and make their payment while sitting at their home on the internet. This has drastically changed the manner of doing business.
- Define the term Information Technology.
- What is e-mail and what are its advantages in business communication?
- Discuss the functions of IT.
- What do you understand by E-communication?