COST AS IMPORTANT FACTOR FOR THE E-BUSINESS IN DEVELOPING COUNTRIES AND LIBYA

In literal meaning words Commerce and Business don't differ much in English dictionary. These two words are written and meant to describe organizations carrying out businesses. The difference between e-commerce and e-business is artificial and necessarily covers electronically transactions or information's. While an e-commerce is the conclusion to a sale or purchase activity through internet with the help of internet banking or credit card gateway, e-business is a continuous process right from initiation of sale offer to after sales customer caring. In practice, e-business is more than just e-commerce. Customer educating, Internet Marketing, researching etc. come under e-business. E-business activities are result of much more organized effort and a wholesome system through internet. It is generally believed that e-business enables developing country producers to overcome traditional limitations associated with restricted access to information, high market-entry costs, and isolation from potential markets. Being part of global e-business processes requires knowledge of many complex systems including online promotion, international payments, and shipping that are beyond the current limited capacity of most businesses. E-business is still in its infancy in many developing countries. Cost is an important factor for the world's e-business in general and for Libya in particular. Reduction of costs using Internet technology is one of the main drivers for e-business in Libya. The results of this research show that e-business reduces the cost of communication and delivery in Libya as elsewhere. The main benefit of e-business is being closer to the customer.