Answer: Concept of e-Business.
e‐business means using the internet to connect people and processes. It also includes providing service to customers and collaborating with business partners across the globe. e‐business connects, adapts and integrates IT‐system, hence companies are able to manage their business more efficiently.
The major benefits of e‐business are cost reduction and productivity improvement. e‐business includes transactions between consumers, manufacturers, suppliers and the government. e‐business facilitates better communication between business houses and makes purchasing easier for large organizations.
The scope of e‐business is not just limited to online shopping; it also includes online stock, transactions and the use of software.