Question

Which of the following is an advantage of e-business?

I. reduction of transaction costs
II. shortened supply chain response time
III. greater customer loyalty

a. I
b. II
c. I and II
d. II and III
e. I, II, and III

Answer 1

Answer:

Option c. I and II

Step-by-step explanation:

e-busines is simply said to be any business carried out in electronic platform/form (through EDI). It uses nternet and the web to transact business and other enabled commercial transactions between and among organizations and individual

Benefits of e-business models includes Convenience and speed, Customization, redefinition of Product Value and others.

Benefits to business as a whole leads to Increasing Sales, Reducing Costs, Improved Customer Service. and others.