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E-business and Online Transactions

Beta

Lesson

E-business and Online Transactions

Part 1: what e-business is, who deals with whom, and how an online purchase works.

In this lesson you will

Distinguish e-business from e-commerce and describe its scope with imagined examples
Explain the benefits and limitations of e-business
Describe the stages of an online transaction
Describe payment mechanisms in general terms, as of 2024

Concept

What is e-business?

E-business is carrying out the processes of industry, trade and commerce with the help of computer networks.

Table defining e-business as carrying out the processes of industry, trade and commerce with computer networks, and e-commerce as buying and selling online, with the imagined Pustak Ghar as example
Point	Meaning
E-business	Carrying out the processes of industry, trade and commerce with the help of computer networks
E-commerce	Buying and selling online, with the dealings with customers and suppliers around it
Imagined example	Pustak Ghar sells books on its site and also keeps its stock and staff records on a network

Concept

E-business and e-commerce compared

E-commerce is a part of e-business
E-business also covers processes inside the firm

Table comparing e-business and e-commerce on breadth, processes covered, internal processes and an imagined example
Idea	E-business	E-commerce
Wider or narrower	The wider idea	A part of e-business
Processes covered	All business processes over networks	Buying and selling and related dealings
Inside the firm	Includes internal processes	Mainly concerns outside parties
Imagined example	Online staff records and online sales	Online sales of Pustak Ghar only