What are the possibilities provided by E-business? for Consumers and businesses?

Businesses: • Competicion • Lower costs due to automazation of business processes • Expanding markets • More knowledge on customers’ preferences • Removes barriers – it is easier to start a business • Better Reach (customers) • Reduces transaction costs • Innovation Consumers: • 24/7/365 acces to products, services, information • No geographical limitations • Thousand of businesses