E-Business Definition
E-business
is broader than e-commerce; including the transaction based e-commerce
businesses and those who run traditionally but cater to online
activities as well. An e-business can run any portion of its internal
processes online, including inventory management, risk management,
finance, human resources. For a business to be e-commerce and
e-business, it must both sell products online and handle other company
activities or additional sales offline.
E-Commerce Definition
E-commerce
is “any transaction completed over a computer-mediated network that
involves the transfer of ownership or rights to use goods and services,”
defines the U.S. Census Bureau. Transactions aren't required to have a
price and include both sales and items like free downloads. E-commerce
includes transactions made on the internet, Intranet, Extranet, World
Wide Web, by email and even by fax.
Differences Between e-commerce and e-business
The points presented below are substantial so far as the difference between e-commerce and e-business is concerned:
- Buying and Selling of goods and services through the internet is known as e-commerce. Unlike e-business, which is an electronic presence of business, by which all the business activities are conducted through the internet.
- e-commerce is a major component of e-business.
- e-commerce includes transactions which are related to money, but e-business includes monetary as well as allied activities.
- e-commerce has an extroverted approach that covers customers, suppliers, distributors, etc. On the other hand, e-business has an ambivert approach that covers internal as well as external processes.
- e-commerce requires a website that can represent the business. Conversely, e-business requires a website, Customer Relationship Management and Enterprise Resource Planning for running the business over the internet.
- e-commerce uses the internet to connect with the rest of the world. In contrast to e-business, the internet, intranet and extranet are used for connecting with the parties.
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