Benefits of e-Business
1. Ease of formation and lower investment requirements : Unlike a host of procedural requirements for setting up an industry, e-business is relatively easy to start. The benefits of internet technology accrue to big or small business alike. In fact, Internet is responsible for the popularity of the phrase: ‘networked individuals and firms are more efficient than networthed individuals.’ This means that even if you do not have much of the investment (networth) but have contacts (network), you can do fabulous business. Imagine a restaurant that does not have any requirement of a physical space. Yes, you may have an online ‘menu’ representing the best of cuisines from the best of restaurants the world over that you have networked with. The customer visits your website, decides the menu, places the order that in turn is routed to the estaurant located closest to his location. The food is delivered and the payment collected by the restaurant staff and the amo...