E-business Advantage

Benefits of e Business
The benefits of using the Internet based technologies can be simply summarized into three terms: 1. Expand markets to increase revenues 2. Reduce costs and 3. Strengthen customer relationships. Early entrants in the e Business fray will have "first mover" advantages that late entrants will find almost impossible to overcome.
Expand Market Coverage
Conventional markets have limits in terms of space and time. E Business eliminates these limitations of geography and time zones. The whole world is the available market, 24 hours a day. Internet access is now available, wherever work is conducted, at a desk or off-site. Worldwide business professionals, buyers, and decision-makers have access to the Internet, spanning all time zones.
This market is now available 24 hours a day, 7 days a week, 365 days in a year, to a supplier. The buyer conducts business "where" and "when" they want to without traditional limitations. So, with e Business a firm creates a global, ...