State any three differences between e-business and traditional business.



Q.1:- State any three differences between e-business and traditional business.

 

Answer:-

Difference between Traditional and e-Business



Basis e-business Traditional Business
Formation It is easy to form. It takes lengthy and complicated procedure to form.
Setting up cost It takes a very nominal cost. It takes huge capital in order to set up.
Risk involved High risk involved as there is no direct contact between the parties. Less risk involved as parties have personal interaction.