CBSE Class 11-commerce Answered

Formation of e-business is very easy as there is no procedural requirement to start the business. The internet technology enabled the business man with minimum investment and completely widened the scope for customer relationships. The business firms were able to get immediate order supplies from the vendors. There is no need to maintain bulk of products which may demand high rate of investment. The internet technology enables e-business to make the product available all over the world to satisfy the requirements of the customers. So, they have choice to select from wide range of products from any corner of the earth. Therefore, it is clear that e-business  business firms have greater access to global markets, reduces operational costs and required less procedural requirements for setting  up business.