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Understanding the Market — Entrepreneurship STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market4 Marks
Question
Describe the role of E-business or E-commerce in the developing countries.
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Answer

Following points describe the role of E-business in the developing countries:
  1. Opportunities: It is offering great opportunities to developing countries.
  2. Entry: It is helping them to enter the global markets merely at the click of the mouse.
  3. Cost effective opportunities: It is helping business in discovering new cost-effective opportunities not only locally but also internationally.
  4. Promotion: It is playing leading role for the promotion of the business community.

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