Describe briefly any two applications of e-business.


By Harshvardhan, the Subject Matter Expert at Edumarz

Solution: e-business may be defined as the conduct of industry, trade and commerce using computer networks. The network you are most familiar with as a student or consumer is the internet. Whereas the internet is a public thorough way, firms use more private, and, hence more secure networks for more effective and efficient management of their internal functions. e-enabling has radically transformed the mode of doing business.

The two applications of e-business are:- 

  1. e-Procurement: It involves internet-based sales transactions between business firms, including both, “reverse auctions” that facilitate online trade between a single business purchaser and many sellers, and, digital marketplaces that facilitate online trading between multiple buyers and sellers.

e-Delivery: It includes electronic delivery of computer software, photographs, videos, books (e-books) and journals (e-journals) and other multimedia content to the user’s computer. It also includes a rendering of legal, accounting, medical, and other consulting services electronically. In fact, the internet provides the firms with the opportunities for the outsourcing of a host of Information Technology Enabled Services (ITES) that we will be discussing under business process outsourcing. Now, we can even print the airlines and railway tickets at home.

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