Q. 1. What is the Emerging mode of business?

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. One of the first to use the term was IBM, when, in October, 1997, it launched a thematic campaign built around the term. Today, major corporations are rethinking their businesses in terms of the Internet and its new culture and capabilities. Companies are using the Web to buy parts and. supplies from other companies, to collaborate on sales promotions, and to do joint research Exploiting the convenience, availability, and world-wide reach of the Internet, many companies, such as Amazon. com, the book sellers, has already discovered how to use the Internet successfully.
IBM considers the development of intranets and extranets to be part of e-business. E-business can be said to include e-service, the provision of services and tasks over. the Internet by application service providers (ASP).

Explain e-Business?

Ans: Origin of E-Business:
a) The term electronic business or e-business is derived from the terms e-mail and ecommerce. The term “e-business” was coined by IBM' s marketing and Internet teams in late 90’s.
b) The introduction of e-business created a new competition for the traditional businesses.
c) The main purpose to introduce e-commerce was to create a platform for the buyers and sellers.
d) E-commerce was a revolutionary idea that crystallized into a successful concept and further led to the emergence of the concept of e-business.
e) The decade-2000-2010 has been a significant period for the emergence of e-business.

What is Concept of e-Business:

a) E-business stands for electronic business and refers to manufacturing, buying, selling and managing of the entire business on the internet.
b) E-business is conducting business on the Internet. It also includes servicing customers and collaborating with business partners across the globe.
c) The major benefits of e-business are cost reduction and productivity improvement.
d) E-business includes transactions between consumers, manufacturers, suppliers and the government.
e) E-business facilitates better communication between business houses and makes purchasing easier for large organizations.
f) The scope of e-business is not just limited to online shopping; if 6180 includes online ' Stock, transactions and the use of software.
g) E-commerce and e-business are often used as synonyms; however, the concept of e-business is much broader than e-commerce. E-commerce deals mainly with the wading aspect of e-business by connecting the buyers with the sellers and e-bossiness bivalves the and to and activities of a business.

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