Question -
Answer -
E-business has following applications:
a) e-procurement: This involves transactions that takes place in web between business firms who are either buyers and sellers. The transactions also involve reverse auctions that involves multiple sellers looking to sell their product to one buyer. In a digital marketplace there exists many players in the form of multiple buyers and sellers or single seller.
b) e-delivery: This process involves electronic transfer of movies, games or software which is delivered directly to the system of the consumer using high speed data services. Payments are processed over internet.