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Which of the following is the encompassing term that involves the use of electronic platforms for conducting a company’s business?
- a)e-Commerce
- b)e-Governance
- c)e-Marketing
- d)e-Business
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Which of the following is the encompassing term that involves the use ...
E-Business encompasses the use of electronic platforms to conduct various business activities, ensuring efficiency and scalability.
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Which of the following is the encompassing term that involves the use ...
Understanding e-Business
In today's digital age, the term “e-Business” encompasses a wide range of activities conducted over electronic platforms. Here’s a detailed explanation of why option 'D' is the correct answer.
Definition of e-Business
- e-Business refers to all aspects of running a business online, including buying and selling products, providing services, and managing business operations through electronic means.
Components of e-Business
- e-Commerce: This is a subset of e-Business focused specifically on the transaction of goods and services online.
- e-Governance: This involves the use of technology to provide public services and engage citizens, which is not directly related to commercial activities.
- e-Marketing: While it plays a crucial role in promoting products or services online, it is merely one aspect of the broader e-Business strategy.
Key Features of e-Business
- Integration of Functions: e-Business integrates various functions such as supply chain management, customer relationship management, and online marketing to enhance efficiency and customer experience.
- Global Reach: It enables companies to reach a global audience, breaking geographical boundaries and allowing for a larger customer base.
- Cost Efficiency: By utilizing electronic platforms, businesses can reduce operational costs and streamline processes.
Conclusion
In summary, e-Business is the most comprehensive term as it includes not only e-Commerce but also the various operational, marketing, and management aspects that utilize digital technology. Understanding this distinction is crucial for anyone involved in the digital business landscape.
In today's digital age, the term “e-Business” encompasses a wide range of activities conducted over electronic platforms. Here’s a detailed explanation of why option 'D' is the correct answer.
Definition of e-Business
- e-Business refers to all aspects of running a business online, including buying and selling products, providing services, and managing business operations through electronic means.
Components of e-Business
- e-Commerce: This is a subset of e-Business focused specifically on the transaction of goods and services online.
- e-Governance: This involves the use of technology to provide public services and engage citizens, which is not directly related to commercial activities.
- e-Marketing: While it plays a crucial role in promoting products or services online, it is merely one aspect of the broader e-Business strategy.
Key Features of e-Business
- Integration of Functions: e-Business integrates various functions such as supply chain management, customer relationship management, and online marketing to enhance efficiency and customer experience.
- Global Reach: It enables companies to reach a global audience, breaking geographical boundaries and allowing for a larger customer base.
- Cost Efficiency: By utilizing electronic platforms, businesses can reduce operational costs and streamline processes.
Conclusion
In summary, e-Business is the most comprehensive term as it includes not only e-Commerce but also the various operational, marketing, and management aspects that utilize digital technology. Understanding this distinction is crucial for anyone involved in the digital business landscape.
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Which of the following is the encompassing term that involves the use of electronic platforms for conducting a company’s business?a)e-Commerceb)e-Governancec)e-Marketingd)e-BusinessCorrect answer is option 'D'. Can you explain this answer?
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