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When they hear
the word E-Business, many business operators presume this means
E-Commerce. If so, they can be very wrong. As we pointed
out earlier, E-Business is the use of electronic channels to improve
a business. E-Commerce, on the other hand, is the selling of products
or services over the Internet, usually through some “electronic
storefront ” model.
Just as a retail
outlet is one of many different forms of business, so E-Commerce
is one kind of E-Business. Similarly, technology involving computers
and modems is not all e-business; it is merely one aspect of it.
In this case, it acts as the "construction" materials
used to foster E-Business, just as an office might be where regular
business is conducted.
Therefore, a
company that dismisses E-Business as some kind of online selling
fad that faded with the dot-com crash would be making a serious
mistake. E-Business has been growing steadily for years despite
the spectacular flameouts of a few companies that made the headlines.
Predictions vary as to its annual, but it is assumed that it is
now near the $1 trillion mark.
E-Business
falls into two categories:
- Business-to-business
(B2B), trade, which accounts for the bulk (some 70 per cent)
of most E-Business
- Business-to-consumer
(B2C),
which is much smaller but garners far more attention. This is
primarily what people think of when they hear the term “E-Commerce”
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