Internet Based Business: The Internet is an International network of networks. It is a world wide information highway. It also signifies information resources on in numerable server on the net. Internet allows millions of computers to be linked together offering a global network that connect a universities, individuals, government agencies, and now more and more corporate and private enterprises. Though originally established as a private channel for research activities and academic, internet is now being exploited by business for a wide range of commercial services. The growth of the internet was projected to be 40% for commercial organizations,while research institutions were expected to grow by 52%.
Advantages of Internet Based Business: Internet has become the largest and most important network today, and has involved into a global information super highway. The internet is constantly expending, as more and more business and other organization and their user, computer network join its global web. Internet has also become a key platform for a rapidly expending list of informationand entertainment services and business application including enterprise collaborationb and e-commerce system.
All types of established business and all industries are venturing into the web (internet) for many reasons.
Some of them are listed below -
1. To expend their customer base and reach a global market.
2. To improve the customer services they offer (and reduce related costs).
3. To make it easier for customers to place order any time ( day or night).
4. To distribute information about the company (to customers, potential clients and investors).
5. To broaden band awareness.
6. Simply because its perceived as an important strategic business move for the company's future.