Saturday, January 1st, 2022
The internet has made our lives simpler, now all you need to have to do anything is have an internet connection and a device and you are set. You can do everything sitting right on your sofa without leaving the comfort of your home. However, this has also brought in some confusion as well specially in the terminology definitions of doing business online. People use both e-commerce and e-business interchangeably as they both involve business being conducted online.
As you can guess, the “e” in both the terms means electronic. Despite the common perception, these two are separate things with certain common characteristics.
What is E-Business? E-business is a broader and complex term encompassing all processes of business being conducted using the internet. It can also be defined as any business that is done with the help of the internet. Any of the business processes like inventory management, human resources etc. can be run online by the e-business.
E-business can be used for any type of business since it encompasses all the business cycle process from planning to marketing stage. With the help of technology and software’s, e-business can reduce the overhead expenses of a business.
What is E-Commerce? The narrower subset of e-business, e-commerce refers to any transaction on the internet where rights of ownership are transferred. Alternatively, in simpler terms, the process of buying, selling, ordering and paying for goods and services online. Use of internet in a transaction involving money is e-commerce.
It can be online banking, online shopping or even ordering of cinema tickets online.
What Are The Main Differences Between The Two:
Some Examples of E-Business:
In case the differences are still not clear, let us look into some examples of e-business to give you a better idea.
To sum it up, e-commerce is one of the parts of e-business covering only the commercial transactions whereas E-business can be any business process that is done with the help of the internet.
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Filed under: Tips & Tricks
Tags: e-business, ebusiness, ecommerce, free website visitors
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