Question: As stated in the article extract, e - commerce is a subsection of e - business. Critically evaluate best practices for effective supply chain management
As stated in the article extract, ecommerce is a subsection of ebusiness. Critically evaluate best practices for effective supply chain
management in ecommerce.
Thousands of suppliers and millions of buyers are always available on the digital business market, allowing them to purchase goods that
meet their needs. This situation demonstrates that digital business has evolved into a business that has a significant impact on
entrepreneurship, resulting in a model and format that is significantly more flexible and accessible to all sectors of consumers,
regardless of location. The extent to which ebusiness influences current entrepreneurship trends is the subject of this study. An
entrepreneur is a person who establishes a new business by assuming risks and uncertainties in order to gain profit and growth by
finding possibilities and combining the resources needed to build them. Entrepreneurs aren't searching for danger they're looking for
possibilities.
IBM coined the phrase ebusiness" in As a result, ebusiness is defined as the use of technology information and communication
by organizations, individuals, or related parties to carry out and manage key business processes in order to provide benefits such as
security, flexibility, integration, optimization, efficiency, or increased productivity and profits. Ebusiness implementation in business units
might result in profit or loss for the business unit in question.
Ebusiness is also widely used to interact with suppliers and company business partners, and also to be able to fulfill and serve
customer satisfaction so that it can be even better. In daily use, ebusiness is not only related to ecommerce. In this case, ecommerce
is a subsection of ebusiness. However, a closer examination reveals that the good influence outweighs the negative impact.
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