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MGT 211 Lesson 41 To 46

Digital businesses can be started with minimal capital as they have no physical presence and operate through technology and the web to sell goods and services for profit. Examples of digital businesses include Daraz.pk, OLX, and Uber. In contrast to traditional businesses, digital businesses do not require a physical office space, large initial investments, or employees working from one location - allowing digital businesses to be started and operated more flexibly from home with outsourced labor.

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110 views1 page

MGT 211 Lesson 41 To 46

Digital businesses can be started with minimal capital as they have no physical presence and operate through technology and the web to sell goods and services for profit. Examples of digital businesses include Daraz.pk, OLX, and Uber. In contrast to traditional businesses, digital businesses do not require a physical office space, large initial investments, or employees working from one location - allowing digital businesses to be started and operated more flexibly from home with outsourced labor.

Uploaded by

Prince Hira
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Mgt 211 lesson 41 to 46

Digital business

A business having no physical existence and being involved in sale and purchase of goods or services in
order to make profit basically the use of technology or web.

Digital business example

Daraz. Pk

Olx

Uber

Required

Traditional business / digital business

Initial amount to start business is very high / can be start with minimal capitals

Taking high loan to start that business / example olx

Any manufacturing factory

Work place

Office required / no office is required

Rented place / can be started of home

Outsourcing

Employs required and must come / Employs can work from anywhere from the globe

Physically office

Inventory/ equipment

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