Answer:
Ans. Differences between traditional business and e-business is summarized below:
Basis
Traditional Business
e- business
1. Formation
Difficult
Simple
2. Physical presence
Required
Not required
3. Location requirement
Market
None
4. Cost of setting up
High
Low/no requirement of physical facility
5. Shape of Organizational or chain of command
Vertical due to hierarchy or chain of command
Horizontal due to directness of command and communication
6. Opportunity for inter person- al touch
More
Less
7. Ease of expansion
More
Less
8. Nature of contact with the suppliers and customers
Indirect through intermediaries
Direct
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