Significant features of e-business and e-commerce are explained below:
- Ubiquity: They are vvailable just about everywhere and form a market space extended beyond traditional boundaries and removed
from a temporal and geographic location. - Global Reach:They provide commercial transactions cross-cultural and over national boundaries.
- Universal Standards: There exist technical standards of the Internet and, therefore, the technical standards for conducting e-commerce are universal standards
- Richness: They deliver rich messages to large numbers of people.
- Interactivity: E-business technologies are interactive and allow two-way communication between the seller and consumer, and enabling the companies to engage a consumer on a massive, global scale.
- Information Density: The Internet and the Web vastly increased the information density, in other words total amount and quality of information available to consumers and seller companies.
- Personalization/Customization: E-business and e-commerce technologies permit personalization and targeting specific individuals and segments