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E-business (electronic business), derived from such terms as e-mail and e-commerce, is the conduct of business on the Internet, not only buying and selling but also servicing customers and collaborating with business partners.


To understand e-business one must understand what is not e-business. E-business does not mean that all businesses go and close there shops and start selling their products over the Internet. E-business does not mean that all marketing staff in an organisation can go home after the firms starts an e-marketing website. E-business does not mean that people will no longer need banks when one can buy and sell different products online.





So what is e-business? E-business means that every business operation from supply chain to production, from packaging to transportation, from marketing to selling, from customer services to customer relations, all become one big integrated Internet-based system. E-business is a technical issue. The needs of enterprises and the requirements of customers have not changed in any way. Profitability still remains the big difference between income and costs. But only, because of technology factors, major new opportunities for profit growth and avoidance of expense have become realistic. E-business has happened entirely because of a combination of improvements in technologies.


Custom Essays on What is E-business?


E-business allows companies to replace their physical store with its virtual equivalent which means that the drastic reduction in the cost of property helps them invest the money they have saved and enables them to create eShops to help increase revenue within the worldwide market. In the vastly competitive world, companies will always incur new cost. To deal with their increased volume of business or to meet rising customer expectations, these online outlets have to be backed up by online customer support operations which are available 4 hours a day almost all year round and these have to be incorporated with slicker and, electronically assisted supply and execution operations.





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