E-Business reduces the need of business. This is a true statement.
Explanation:
E-Business or Electronic Business is a business that is conducted electronically. Only a laptop/Computer/System and an internet connection is required to set up the office.
When someone wants to start a business, the first thing that comes to mind is the office space from where the business is going to run. An initial investment is required to just setup an office for running the business. This may include:
- Office Space
- Employees
- Computer Systems
- Office Supplies like pen, paper, cutter, nails, files, etc
All such things need initial investment, BUT when business is done electronically, only a system and internet connection is required. For example, Online grocery store will take orders from the customers online and deliver them at their doorstep. So in this way electronic businesses has reduced the need of investment.
Learn more about E business at:
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