e-business

Vocabulary Word

Definition

E-business refers to any commercial business that operates online. It can include selling products on a website, providing customer service through email, or online marketing.

Examples in Different Contexts

In supply chain management, 'e-business' involves using internet technologies to manage the flow of goods, information, and finances across the supply chain. A supply chain manager might explain, 'Implementing e-business solutions has streamlined our operations and improved collaboration with partners.'

Practice Scenarios

Business

Scenario:

Our goal is to expand our reach to more customers. Online marketplaces have proven successful for many businesses.

Response:

We should definitely start building an e-business strategy to capture the online market.

Impact

Scenario:

It's crucial that we make the donation process simpler and more accessible. A user-friendly online platform could be a step in the right direction.

Response:

Adopting an e-business model to make the donation process more user-friendly is a great idea. Let's look into it.