Electronic business

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"A Business is simply an idea to make other 
People's lives better " 
Electronic business or E-business is business which is conducted over internet or any other computer network . E-business also  encompasses activities like trade,commerce and industry when they are done electronically.
It also includes activities like inventory management, payroll accounting, product development etc. E-business is only restricted to buying and selling of goods over internet. All the Electronic business websites are currently most used websites as they are available for customers 24/7. There are so many websites for online shopping such as Amazon, Flipkart, Shein etc. Which gives many different choices for the customer from variety of products we can buy anything from such websites. In today's time it is more preferable by the customers because :- 
1)- Less Investment is required 
2)- customer convience 
3)- Less time consuming 
4)- Global markets
5)- Wide choice 
Electronic business doesn't have any physical existence . It is very easy to form . Everyone enjoys doing online Shopping as we can do it from our choice whenever we want to do and buy everything as per our own convience.
We don't need cash in our hand for it we can use smart cards like debit cards, credit cards, etc. Which uses personal codes that is known only to the owner. Electronic business is comparatively cheaper than going to normal shop and buying things. 
As Today's generation gives more preferance to online shopping and business so it is having huge profit all over the world as we can buy things from any country sitting in another country it's transaction is very as it can be done within some minutes it's not necessary to go to shop and buy that thing .
Inspite of several advantages E- business cannot replace traditional business over a period of time as it suffers limitations as well:-
1)- Lack of personal touch 
2)- Time consuming 
3)- Fraudulent trading 
4)- people resistance 
But from some year's E-business is coming largely higher in the society as every day thousands of people accross world are doing online transaction !!  
What are your opinions regarding this comment below 👇👇

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