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length 1200 words: Question; What is your opinion of e-business and e-commerce and their roles in today’s...

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Finance

length 1200 words:

Question; What is your opinion of e-business and e-commerce andtheir roles in today’s world of business? Analyse a case study tosupport your ideas.

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4.2 Ratings (633 Votes)
The terms ecommerce and ebusiness are often used interchangeably however they both have different interpretations that have different impact and influence on todays businesses The only similarity prevailing is the electronic medium that includes use of Internet for Electronic Data Interchange EDI and Electronic Funds Transfer EFT to conduct business activities ECommerce covers only the outward facing operations ie online buying and selling of goods and services that include order receiving dealing delivering and paying The ecommerce strategy aims at understanding consumer behaviour that help them provide reliable functional and userfriendly services EBusiness has emerged as a mainstream solution for many businesses It focuses on the business as a whole and is not restricted to commercial    See Answer
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