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What is E-business?
E-business (electronic business) is the conducting of business
on the Internet, not only buying and selling but also servicing
customers and collaborating with business partners
E business allows consumers to electronically exchange goods
and services with no barriers of time or distance
E-business is subdivided into three categories:
E-business in India
E Business has tasted much success in India in recent past and
has provided Indian business a new heights, global reach,
competitive advantage, acquiring new customers (global &
local), foreign product knowledge etc.
E Business has become integral part of everyday life from
online banking to brokerage transactions, e contracts to global
marketing
E Business has seen significance impact on airline sector,
banking sector, educational, matrimonial services, placement
sites and many B2B transactions
Manufacturer
Or
Service
Provider
Warehouse
Distributor
Wholesaler
E-business
Agent
Retailer
Customer
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Technological factors
E business partners find it hard to invest & update with new
technologies
Bandwidth: Transmission capacity of a communication channel is a
major barrier for products that require more graphical & video data.
Financial costs: Storing information, data mining, processing orders
has impact
High costs of developing, purchasing new software, licensing of
software, Integration into existing systems, costly e business
solutions for optimization
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General factors
Lack of awareness & understanding the value of e business &
security, safety involved in it
Lack of understanding on how E business operation works
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Internet factors
According to internetworldstats.com, India with a population of
over 1.2 billion has estimated 15.8% regular Internet users by
2013.
Internet connections yet to reach many rural areas in India.
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Bibliography
en.wikibooks.org
www.dob.nt.gov.au
www.Wikipedia.com
searchcio.techtarget.com
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Any question??