5. E-BUSINESS E-business may be defined as conduct of industry, trade commerce using computer networks.
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11. E-BUSINESS VERSUS E-COMMERCE E-business E-commerce 1)It has a broader meaning. 2)It includes buying and selling of goods and services and also servicing the customers and collaborating with business partners with electronic means . 1)It has a narrower meaning . 2)Using the internet to order and pay for the product or services. It is a subset of e- business.
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14. E-COMMERCE BY ELECTRONIC E-COMMERCE IS A COMBINATION OF TWO WORDS i.e. ELECTRONIC AND COMMERCE.IT ALSO MEANS INTERNET COMMERCE.E-COMMERCE IS DEFINED AS TRANSACTIONS THAT INVOLVE THE EXCHANGE OF GOODS AND SERVICES MEANS.
15. BENEFITS OF E-BUSINESS 1 2 3 4 5 EASE OF FORMATION &INVESTMENT REQUIREMENTS :- e-business IS RELATIVELY EASY TO START. THE BENEFITS OF INTERNET TECHNOLOGY IS SIMILAR TO BIG OR SMALL BUSINESS. CONVINIENCE :- INTERNET OFFERS CONVINIENCE OF 24hours a day,7 days a week and 365 days a year. SPEED ;- CYCLE TIME TAKEN TO COMPLETE THE ORIGINAL DEMAND IS REDUCED DUE TO COMPLETION OF VARIOUS PROCESS SIMULTANEOUSLY. GLOBAL ACCESS ;- THE BOUNDARIES OF e-commerce ARE NOT DEFINED BY GEOGRAPHICAL BORDERS,BUT BY THE COVARAGE OF COMPUITER NETWORKS. MOVEMENT TOWARDS A PAPERLESS SOCIETY ;-USE OF INTERNET HAS SIGNIFICANT REDUCED DEPENDANCE ON PAPERWORK AND REDTAPE.IT ACT 2000 ,ALLOWS USE OF ELECTRONIC SIGNATURE TO ENCOURAGE PAPERLESS WORK.