Class 11 Business Studies - Chapter Emerging Modes of Business NCERT Solutions | What are the major differences between t

Welcome to the NCERT Solutions for Class 11th Business Studies - Chapter Emerging Modes of Business. This page offers a step-by-step solution to the specific question from Extra Questions, Question 4: what are the major differences between traditional....
Question 4

What are the major differences between traditional business and e-business?

Answer

Traditional business operates primarily through physical locations and face-to-face interactions, while e-business is conducted entirely online. E-business reduces operational costs by eliminating expenses like rent for physical stores. Unlike traditional businesses limited to local customers, e-business enables global reach. However, e-business lacks personal interaction, which traditional setups can provide. Additionally, e-business relies heavily on technology and internet connectivity, while traditional businesses can function without digital infrastructure. Each model has its own set of advantages and challenges, depending on customer preferences and business goals.

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