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e-business Door Mind Map: e-business

1. E-business (electronic business) is the conduct of business processes on the internet. These e-business processes include buying and selling products, supplies and services; servicing customers; processing payments; managing production control; collaborating with business partners; sharing information; running automated employee services; recruiting; and more.

2. e-commerce

2.1. Trading of merchandise, over the internet is known as E-commerce.

2.2. Subset

2.3. Commercial transactions

2.4. uses Internet

2.5. extrovert

3. e-business

3.1. Running business using the internet is known as E-business

3.2. Superset

3.3. Business transactions

3.4. uses Internet, Intranet and Extranet.

3.5. Ambiverted

4. advantage

4.1. Saves Money

4.2. Better Communication

4.3. Cheaper Marketing, More Control

4.4. Less Restrictive Hours

4.5. More Avenues for Making Money

5. disadvantage

5.1. Security and Integrity Issues

5.2. Purchase to Delivery Time

5.3. Customers Can’t Try Before They Buy

5.4. You Need To Ship Your Products

6. importance

6.1. Marketing. Companies using e-business have a wider online presence. They can advertise their products and services either on their websites or by hosting them on other domains. ... Companies also find that Internet marketing is cost effective, as they pay Internet advertising agencies only when customers view their page.

7. opportunities in e-business

7.1. By selling products and services online, an e-business is able to reach a much wider consumer base than any traditional bricks-and-mortar store could ever do.

7.2. This facet of e-business is sometimes referred to as e-procurement, and allows businesses to cut their costs dramatically

7.3. e-business may also handle other traditional business aspects

7.4. Using email and private websites as a method for dispensing internal memos and white sheets is another use of the internet by e-business.