Answered: Explain how e-Business could help a…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Explain how e-Business could help a local flower shop that's trying to grow it's business. What benefits would an implemented e-Business strategy provide?

Expert Solution

Step 1

E-Business

E-business can be defined as a business model which allows businesses to conduct the process of buying and selling online, over the internet. Consumers can buy and get the products delivered using this platform.
E-business is done by laptops, smartphones, or tablets can be thought of as an online equivalent of mail order catalogue purchasing. Nearly any possible good and service is accessible from e-business purchases, including books, music, airline tickets, and financial services.
It operates in all of the traditional business types/segments. They are:
- Business to Business B2B
- Business to Consumer B2C
- Consumer to Consumer C2C
- Consumer to Business C2B
E-business may be a replacement for brick-and-mortar stores, although some companies prefer to keep both.