Traditional business and E-business
Q.4 (3) Traditional business and E-business
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Answer: Traditional business is done through physical contact at a place of business; e-business is done electronically over the internet.
| Points | Traditional business | E-business |
|---|---|---|
| 1. Meaning | Business carried on through physical presence and face-to-face dealing. | Business carried on electronically using computers, internet and networks. |
| 2. Formation | Difficult; needs many formalities and premises. | Easy; can be started with a website and few formalities. |
| 3. Investment | Requires large investment in buildings, stock and staff. | Requires comparatively low investment. |
| 4. Physical presence | Physical presence of buyer and seller is needed. | Physical presence is not necessary. |
| 5. Time and place | Works for fixed hours at a fixed place. | Available 24 × 7 from anywhere. |
| 6. Reach | Limited to the local area. | Global reach. |
| 7. Cost and speed | Transactions are slower and cost more. | Transactions are fast and transaction cost is low. |
Doubtly AI
· 28 Oct 2026
AI-verified · Oct 2026
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