The advantages of E–Business are explained below :
1. Easy Set Up : It is very easy to set up E-business as a compared to traditional business
2. No Physical Space : E-business does not require physical space for operation. It required highly qualified technical professionals.
3. Quick and Easy Communication : Communication become wasy as there is no face to face interaction. Through E-business, it is easier and faster for businesses to communicate with their suppliers and their customers.
4. Low Start Up Cost : The initial investment for starting an E-business is generally lower than the costs associated with starting the same business using a traditional model.
5. Direct Communication : E-business provides a platform for direct communication between suppliers and consumers.
6. Strong Relationship Building : E-business enables strong relationship building between suppliers and consumers as their is direct contact between both the parties.
7. Global Platform : E-business provides business with the opportunity to transact with buyers across the globe. It connects the consumers and businesses anywhere from world through internet.
8. Govt. support : In E-business, transaction cost and availability of product at relatively low prices are possible. This is beneficial to society at large. Hence, govt. always supports or favours E-business