eBusiness : Electronic Trade
eBusiness is a technical issue and a complex area, and no one can know everything about it. The needs of enterprise and the desires of customers have not changed. But because of technology, major new opportunities for revenue growth and avoidance of expense have become feasible. eBusiness has happened entirely because of a conjunction of improvements in technologies and has yet to reach full speed and realise its potential. These technologies are more powerful computers and faster communication links.
The new kind of business is to replacing the physical store by creating new eShops. These will decrease the cost of the real stores and increase the saving of money. On the other hand, new costs will also be incurred like online costumer service operations which are available on 24 h / 7 day with slicker, electronically assisted supply and fulfillment operations. Instead, a number of companies will be able to work together in a virtual enterprise, provide information can be interchanged effectively and securely.
eBusiness is a term that embraces all aspects of buying and selling products and services over a network and all the dealings between consumers and suppliers are online transactions.
What is eBusiness ?
There is more than one definition of eBusiness in the business world. According to wiseGEEk website "Ebusiness is a term used to describe businesses run on the Internet, or utilizing Internet technologies to improve the productivity or profitability of a business. In a more general sense, the term may be used to describe any form of electronic business - that is to say, any business which utilizes a computer". Electronic business or eBusiness is also any business process that is empowered by an information system. Today, this is mostly done with web based technologies.
W.S. Whyte writes that "where the range of activities is extended to cover such areas as logistics, marketing intelligence-gathering,... [continues]
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(2006, 05). Ebusiness. StudyMode.com. Retrieved 05, 2006, from http://www.studymode.com/essays/Ebusiness-87399.html
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