 What is eBusiness ? |
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From a lay person's perspective, electronic business (widely known as ‘e-commerce) is associated with buying and selling of products, information, and services over an electronic medium or network- mostly the Internet.
E-commerce encompasses all kinds of commercial transactions that are conducted over an electronic media. Commercial transactions may include all information – from purchase information to after –the sales service and support information – and services that a company offers to its customers. It can further be divided into three stages: the advertising and searching stage; the ordering and payment stage, and; the delivery stage.
E-commerce is widely regarded as a revolution because it can:
 Significantly speed up and simplify communications and transactions between the parties involved in business.
Provide worldwide accessibility of information (including, of course, e-advertising) and thus facilitate worldwide shopping with little effort and in a very cost & time effective manner.
Reduce the cost of commercial transactions by making possible direct dispatch and delivery of certain services and products that can be transmitted in digitized form through the Internet. |
