Question

In: Economics

Explain why e-Business scenarios are generally more complex than traditional business scenarios. Discuss the interrelationships of...

Explain why e-Business scenarios are generally more complex than traditional business scenarios. Discuss the interrelationships of the relevant elements, such as business goals, organization of business, and the use of information technology.

Solutions

Expert Solution

It is partially true that e business scenarios are generally more Complex than traditional business scenarios because any business the comfort zone of the customer is high but to feel the real product practically and to purchase immediately is the best thing of traditional market and that’s why e business are not comfortable for the customer when customer are ready to purchase any product immediately.

Interrelationship of the relevant elements are.

  1. Business goals are the main concern of any organisation because all the activities are surrounded with a common objective for a common business goal. It is the mean objective of any organisation to achieve it efficiently and effectively.
  2. Organisation of business firms means to organisation every activity in such a manner so that the things must be in the hand of entrepreneur and it is easy to capture the market share.
  3. Now a days information technology is playing a major role in the development of the business and economy because this is the era of online business and online trading.

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