E-business describes the use of electronic means & platforms to conduct a companies business. The advent of the internet has greatly increased the ability of companies to conduct their business faster, more accurately over a wider range of time & space, at reduced cost, & with the ability to customize & personalize customer offerings. Countless companies have set up Websites to inform & promote their products & services.
They have created Intranets to facilitate employees communicating with one another & to facilitate downloading & uploading information to & from the companies computers. Companies have also set up Extranets with major suppliers & distributors to facilitate information exchange, orders, transactions & payments