Benefits of e-business:
(i) Ease of formation and lower investment requirements: Unlike a host of procedural requirements for setting up an industry, e-business is relatively easy to start. The benefits of internet technology accrue to big
or small business alike. In fact, internet is responsible for the popularity of the phrase 'networked individuals and firms are more efficient than networked individuals'.
(ii) Convenience: Internet offers the convenience of 24 hours, 7 days a week, 365 days a year business that allows shopping well after midnight.
(iii) Speed: Internet has high speed. This benefit becomes all the more attractive in the case of information regarding intensive products.
(iv) Movement towards a paperless society: Dependence on paper work has been considerably reduced through internet. Many companies and even the government departments and regulatory authorities are going in this direction.
(v) Global reach/access: Internet has no boundaries. On the contrary, it allows the seller an access to the global market; on the other hand, it helps the buyer giving freedom to choose products from any part of the
world. It would definitely not be an exaggeration to say that in the absence of internet, globalisation would have been to a large extent restricted in scope and speed.