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Evolution of E-Business, E-Commerce Video Lecture | E-Commerce - B Com

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FAQs on Evolution of E-Business, E-Commerce Video Lecture - E-Commerce - B Com

1. What is the difference between e-business and e-commerce?
Ans. E-business refers to the overall use of electronic platforms, technologies, and networks to conduct business activities, including buying and selling online. On the other hand, e-commerce specifically refers to the online buying and selling of goods and services over the internet.
2. How has e-business evolved over time?
Ans. E-business has evolved significantly over time. Initially, it started with basic online transactions and the establishment of online stores. With technological advancements, it has expanded to include various aspects such as online banking, supply chain management, electronic procurement, and personalized marketing, among others.
3. What are the advantages of e-business and e-commerce?
Ans. E-business and e-commerce offer several advantages, including increased global reach, reduced operational costs, improved customer convenience, faster and more efficient transactions, access to a wider customer base, real-time data tracking, and the ability to personalize marketing messages.
4. How has e-business impacted traditional brick-and-mortar businesses?
Ans. E-business has had a significant impact on traditional brick-and-mortar businesses. It has forced them to adapt to the changing market dynamics by incorporating online channels into their operations. Many traditional businesses now have an online presence, allowing them to reach a larger customer base and compete with online-only retailers.
5. What are the potential challenges and risks associated with e-business and e-commerce?
Ans. While e-business and e-commerce offer numerous benefits, they also come with challenges and risks. Some of these include cybersecurity threats, data breaches, online fraud, increased competition, logistics and supply chain management complexities, customer trust and privacy concerns, and the need for continuous technological upgrades to stay competitive.
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