Benefits and Limitations of e-Business : Dis-advantages, Solved Questions (2024)

Emerging Modes of Business

Nowadays you can order anything online. You can find everything from a toothbrush to a TV. Progress in technology and growth of e-commerce has given us this benefit. But what exactly is e-business? Is it beneficial for businessmen? Are there any limitations or disadvantages or limitations of e-Business? Let’s find out.

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E-business stands for electronic business. Electronic business is also known as online business. Online business is a business where the transaction takes place online. Here, the buyer and the seller don’t meet personally.The term “e-business” was coined byIBM’s marketing and Internet team in 1996.E-business is a part of e-commerce. E-commerce means electronic commerce.

There are actually innumerable advantages of e-Business, the most obvious one being the ease of doing business. Some of the major advantages of e-business are as follows :

But it isn’t all good news. E-business does have certain disadvantages when compared to the traditional way of doing business. Some of the limitations of e-business are as follows :

Sol. Some of the concernsof e-commerce are as follows :

Q.Automobile parts are being purchased from ABC company, by placing an order through its website.
This is an example of ________.

Sol. The correct answer is the option “D”. E-commerce or electronic commerce, a subset of e-business, is the purchasing, selling and exchanging of goods and services over computer networks (such as the internet) through which transactions or terms of sale are performed electronically. E-commerce includes buying and selling of goods, information, and services using a network of computers.