Benefits of E-Business

There are many benefits claimed for e-business, including:

1.      Increased capacity 7 days, 24 hours 

2.      Reduced transaction costs/ cost of communication 

3.      Increased access to wider market 

4.      Low cost access to consumer 

5.      Increased flexibility at low cost 

6.      Decreases in processing; distributing; data handling and paper costs 

7.      Increased agility and speed to market 

8.      Faster transfer of data among information nodes 

9.      Richer communications with less ambiguity 

10.  Creation of forums for buyers and sellers 

11.  Ability/ speed to track orders and inventory.