Role of Electronic-Business and Commerce Research 2022

Running head: ROLE OF ELECTRONIC-BUSINESS AND ELECTRONIC-COMMERCE
ROLE OF E-BUSINESS AND E-COMMERCE IN TODAYS WORLD OF BUSINESS
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ROLE OF ELECTRONIC-BUSINESS AND ELECTRONIC-COMMERCE1
Executive summary
E-business or E-commerce is the process of purchasing and selling products or services
through the internet. In this modern world of new technology, electronic commerce becoming
a vital option for many businesses as there are many organisations that are interested in
developing their business through online. This paper studies the role of e-business in today’s
world of business. Nowadays the number of internet users gradually increases and most of
the people prefer online shopping rather than traditional shopping. Thus, the importance of e-
business continuously increases. In conclusion the paper states – internet has leads the
evolution of e-business. E-business has now become a crucial component of every
organization in its regular running of their businesses. E-business is very easiest way to
purchasing products and services, and it also time and cost-efficient.

ROLE OF ELECTRONIC-BUSINESS AND ELECTRONIC-COMMERCE2
Table of Contents
Introduction................................................................................................................................4
Role of E-business and E-commerce.........................................................................................4
Attract new consumer............................................................................................................4
Easiness and Accessibility.....................................................................................................5
Sell across the world..............................................................................................................5
Real time feedback and more interaction with the customer.................................................5
24x7 Open market..................................................................................................................6
Cost-efficient..........................................................................................................................6
Offer a lot of information.......................................................................................................6
Lower Cost than traditional shopping....................................................................................6
Transparent business programme...........................................................................................7
Affordable Employees...........................................................................................................7
Conclusion..................................................................................................................................7
References..................................................................................................................................9