Describe briefly any two applications of E-business. - Vidyadip

Question

Describe briefly any two applications of E-business.

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Answer

E-business deals with the buying and selling of products and services through a computer network. The two applications of E-business are discussed below:
i. 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 market places that facilitate online trading between multiple buyers.
ii. e-Delivery: It includes electronic delivery of computer software, photographs, videos, books (e-journals) and other multimedia content to the other's computer. It also includes the rendering of legal, accounting, medical and other consulting services electronically. In fact, the internet provides the firms with opportunities for the outsourcing of a host of Information Technology Enabled Services (ITES).

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