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Q.What is E - Business ?

Manipur CohsemCOHSEM Manipur Higher Secondary 1st Year (Commerce) 2023Subjective· 1mImportance★★★★★est
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E-Business is the conduct of industry, trade and commerce using computer networks.

E-Business (Electronic Business) refers to the use of electronic means and platforms (primarily the internet) to conduct the entire range of a firm's business activities — not just buying and selling of goods and services, but also servicing customers, collaborating with business partners, carrying out electronic transactions within an organisation, and exchanging information. It is a wider concept than e-commerce, which is generally restricted to transactions involving the exchange of value (buying/selling) across organisational boundaries.

Key features of e-business:

  • Transactions are carried out electronically, without face-to-face contact between the parties. …

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