Question

Emerging business scenario that might require e-business come into actions

Answer 1

Ans. Electronic Business, also known as e-Business, online business, is defined a the utilisation of information and communication technologies [ICT] in support of all the activities of business. Commerce constitute the exchang of products and services between businesses, groups and individuals and hence can be seen as one of the essential activitiesof emerging business. E-Business has made shopping easy and we can shop from home and get great deals too. E-Business has immense role in current global economy.

E-Business has many type and many charecteristics. Since its emergence, it has grown by leaps and bounds. Some of the feateres of online business are: It is easy to set up. There are no geographical boundaries. Much cheaper than traditional business. There is flexible business hours. Marketing strtegies cost less. Online business receive subsidies from the government. There are no personal touch. Buyer and seller don't meet. Delivery of products take time. Anyone can buy anything from anywere at anytime. The transaction risk is higher than traditional business.

To boost the emering business there are many types of e-business. One is Business-to-Business: Transation that take place between two oranisation come under Business to Business. It greatly imoroves the efficiency of companies. Business-to-Consumer is another form of e-business. When a consumer buys products from a seller then it is business to consumer transaction. Shopping from amazon, Flipcart are examples. In this final consumer himself is directly buying from the seller, no mediator. Consumer-to-Consumer is another form of e-business. A consumer selling product or service to another consumer is C2C. This transactions generally occurs for second-hand product. Consumer-to-Business is another form. In C2B here is a complete reversl of the traditional sense of exchanging goods, is very common in crowdsourcing based projects. Consumer-to-Administration is a model encompasses all elecronics transactions between individual and public administration. Tax filing, payments are examples. Business-to-Administration is a transaction conducted online by companies and public administration or the government. Cocludingly the impact of e-business is immence and expected to increase as internet penetration in emerging markets increases. In emerging Business world the future of e-Business is very high and profiting.