It discusses the various links and ways of communication used in e-Business.
The main objectives of this report is to discuss the status, potential and constraints of e-Business.
All this activities are done by Information Technology which are used in International Business at the present time.
Information Technology is a terminology which is known to all educated people of the World at present times.
Information technology (IT), as defined by the Information Technology Association of America (ITAA), is “the study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardware.” IT deals with the use of electronic computers and computer software to convert, store, protect, process, transmit, and securely retrieve information.
This enables consumers log onto the Internet to buy and enjoy a product, and allows business of all sizes to reach consumers all over the world.
It encompasses Internet commerce, Interactive TV, Electronic Mail Order and Phone Sales etc.However, at a more fundamental level, the term e-Business also describes the application of information and communication technologies to business processes in all sectors of the economy to reduce costs, to improve customer value and to find new markets for products and services.B2C: Business to Consumer communication is the one type of e-Business communication where selling takes place to members of the public.It also reviews the major regulatory acts affecting e-Business, the macro trade policy regime, negotiable instruments and IPR (Intellectual Property Rights).Major conclusions on issues relating to legal and institutional constraints are summarized in the concluding section.Chapter-3 provides an overview of the regulatory and legal issues related to e-Business and telecommunication as well as presenting a brief review on their effects.The finance and banking aspect of e-Business is also discussed in this section.Primary Data Used While it is a rare for secondary data to improve all the answers to a non routine research problem like this one, we gathered some practical experiences during the survey period.Such as : The following chapter-2 of this paper, presents an overview of the e-commerce.The information technology based business facilitates the very process of international transaction; this involve securing and finalizing a contract, delivery of the product, and finally payment for performance of the contract.The movement of goods and services, as well as the payment mechanisms within a country and more so outside a country, are governed by regulatory and legal issues.