This statement is TRUE.
Reasons:
- Unlike a host of procedural requirements for setting up an industry, e‐business is relatively easy to start.
- The initial investment for starting up an e‐business is generally lower than the costs associated with starting an equivalent business using a traditional model.
- Online sellers are able to reduce their overheads as they don’t need expensive shop fronts, too many employees or large inventory on hand.
- e‐business does not require physical space. It requires qualified technical professionals.
Thus, it is easy to set up e‐business as compared to traditional business.
