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Electronic Business or E-Business refers to the implementation of business processes using the internet. ... Its principle functions are to save time and money, increase profitability, leverage and extend your business
Electronic Commerce refers specifically to the process of purchasing goods and services on the World Wide Web. ... Transactions are usually Business to Business (B2B) and Business to Consumer (B2C).
How can a company benefit from E-Business and E-Commerce?
• It makes the size of a business irrelevant - Companies large and small has access to the exact same customers. ...
The Internet has become a major resource in modern business and many businesses are creating a web presence. A business website can become a storefront and needs to function efficiently, having the aesthetic appeal to attract and retain customers. However implications to the business when deciding to provide an e-commerce service. Important considerations are that a website is functionally complete, secure and ensures the business will receive payment for the goods sold.
Development time and costs are important factors to consider when a business plans to set up an e-commerce website and therefore various implementation options available needs to be considered.
Approximate Word count = 902 Approximate Pages = 3.6 (250 words per page double spaced)
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