Question

Please provide detailed and insightful responses to this question.

Please only respond if you are fluent in English

Please provide links to any sources used. Discuss six (6) things you could recommend to the government of either your Region or Province or Country to do to improve the spread of e-business.

Answer 1

In order to spread the e-business, I would recommend the government of the country to increase access to quality internet services so that businesses are able to conduct their sales and business online and there is no hindrance occurring in terms of conducting the business.

The government should ensure that businesses and customers are able to connect seamlessly, in order to do that there should be low cost electronic alternatives and affordable means of connecting with the businesses and buying goods online so that businesses and customers are more and more able to buy and service goods online.

It should ensure authentic online payment options which are able to increase financial inclusion and are able to ease financial processes for such transactions. This will enable businesses to sell goods and services effortlessly and increase traction.

The government should spend extensively on ensuring that cyber security means are on point so that in case of any fraudulent practices, firms and customers are able to get back to their business and there is no loss in productivity of a firm.

Provide tax incentives when businesses conduct a larger part of their business online so that businesses are naturally inclined to increase their online presence and are further motivated to increase sales.

Increase the level of competition and limit monopoly power so that more effective and innovative means of conducting e-businesses are founded and there is a reduction in cost of production.