Question

E-business is broader in scope than e-commerce.

E-commerce is a part of e-business.

(A) Both statements are correct

(B) Both statements are incorrect

(C) First statement is true, second is false

(D) First statement is false, second is true

Answer 1

Correct option is (A) Both statements are correct

E-business is a broader term than e-commerce. It refers to the use of the internet to transact business. It is not limited to just buying or selling but also includes production, distribution, management, etc.

E-commerce involves the purchase and sale of goods and services online and is actually just one part of e-business.