WHAT IS eBUSINESS?

WHAT IS eBUSINESS?

There is no universally accepted definition of eBusiness. It embraces all aspects of buying and selling products and services over a network. The essential characteristics of eBusiness are that the dealings between two parties, be it business to consumer or business to business, are online transactions, and that the key commodity being traded is information.

In effect, we see eBusiness as the gateway to a deal - it is a transaction that may, but doesn't necessarily have to, lead to the delivery of a physical product. There are several commonly used names for eBusiness, the most popular being eCommerce and eTrade. Some of the more academic treatises attempt to distinguish the terms (for instance, eCommerce is sometimes limited to the buying and selling of goods and the flows of associated information and funds; eTrade can be viewed as covering only supplier to supplier transactions).

Whichever term is used there is a clear differentiation between the 'e' and...