2-8 E-Business

Question 1

What is E-Business?

Answer 1

E-Business is the online transaction of goods and services

Question 2

List three disadvantages & advantages of e-business for a business.

Answer 2

• Business can be conducted at any time
• Provides opportunities for increased sales
• Payment is made immediately
• Competition is increased
• Website has to be attractive
• Business must understand legal requirements

Question 3

List three disadvantages & advantages of e-business for a business.

Answer 3

• Possible to buy a product at any time
• Greater range of products available
• Websites provide information about products
• Lack of trust
• May find the use of foreign currencies confusing
• Returning goods can be difficult