Describe the advantages of E-Business.
The present age is the age of information technology. E-Business is based on this information technology. As a result, the impact of e-business is present all over the world. The advantages of e-business are:
1. Attendance is not required:
Communication by telephone requires the presence of both parties. E-business over the internet does not require the simultaneous presence of both parties involved.
2. Increase efficiency:
Business services on the internet increase the efficiency of the organisation’s communication system.
3. Speed:
It is possible to send business news quickly to remote places within the country or abroad through the internet.
4. Easy sorting:
By providing business news through the internet, potential buyers can easily sort the necessary and important information.
5. Advantage of time:
At any time, business news can be sent through the internet. There is no fixed time limit for this.
6. Easy process:
As business news is sent by mechanical means, the sender does not need any special expression. Moreover, potential buyers can easily find out all these news from computer devices.
7. Customer satisfaction:
E-business helps a lot in providing customer satisfaction. Because in the online system, any buyer can easily and quickly know about the quality of the products and the prices of various companies.
8. Quick payment:
Presently, at all banks, ATM services are operational. Previously, there was a delay in payment due to procedural reasons or non-cooperation of staff in some cases. But, with ATM services in operation, money is transferred very easily.
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