Asked by: Onofre Waasnerbusiness and finance marketing and advertising
What is the scope of e business?
Last Updated: 15th May, 2020
Click to see full answer.
In respect to this, what is the scope of e commerce?
Electronic commerce (e-commerce) isthe marketing, buying and selling of merchandise or services overthe Internet. It encompasses the entire scope of onlineproduct and service sales from start to finish.
Likewise, what are the five pillars of e business? 5 Pillars of e-Business
- Data Standardization. 1) fewer product returns 2) Operationalefficency in ERPs 3) Web navigation and taxonomy 4) Attributed datafor SEO.
- Taxonomy. The process of classifying your data to fit inproduct categories.
- Intelligence. What's your next move?
- Content is King!
Additionally, what is the benefit of e business?
Better Communication and Faster Decision-Making.E-business allows for conversations to happenquickly. Faster decision-making saves time, and time is money inbusiness. E-business allows people tocommunicate in several ways that facilitateunderstanding.
What is difference between traditional and e business?
Traditional commerce is a branch ofbusiness which focuses on the exchange of products andservices, and includes all those activities which encouragesexchange, in some way or the other. e-Commerce meanscarryng out commercial transactions or exchange ofinformation, electronically on the internet.