Posted: February 19th, 2022
E-business is becoming increasingly popular in the global economy and is gradually replacing traditional models. E-business helps to improve the interaction between companies, consumers and other partners. The introduction of e-commerce practices can reduce the business activities of intermediaries (Dalevska et al., 2019). In current market forces, e-business systems play a clear role in developing new technologies that can better serve the company, such as the Internet and cloud computing. The advanced e-business system enables companies to react quickly and inexpensively to customers and deliver products in less time through effective communication. The modern economy is dependent on financial and human resources, but the most important factor is information. The availability of the right information at the right time determines a company’s growth and competitive position in the market. A developed e-business strategy can help companies gather information promptly and make effective decisions. E-business helps companies compete and respond to an ever-changing environment and market. By providing greater flexibility and efficiency, it plays a vital role in the global economy and enables companies to: improve their competitiveness (Zbari et al. 2019).
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