Small and Medium Enterprises (SMEs) . It is accepted they contribute significantly to our GDP. Now to prosper and expand the business in this sector what they need cultivate Digital Business . The digital business is best defined in this context as : Please indicate the appropriate oneSelect one:a. Involves digital technologyb. Doing business with dedicated communication link with partnersc. digital business excludes smaller partiesd. Business on Internet with many to many on variety of transactions on digital devices
Question
Small and Medium Enterprises (SMEs) . It is accepted they contribute significantly to our GDP. Now to prosper and expand the business in this sector what they need cultivate Digital Business . The digital business is best defined in this context as : Please indicate the appropriate oneSelect one:a. Involves digital technologyb. Doing business with dedicated communication link with partnersc. digital business excludes smaller partiesd. Business on Internet with many to many on variety of transactions on digital devices
Solution
The most appropriate definition of digital business in the context of Small and Medium Enterprises (SMEs) looking to prosper and expand would be:
d. Business on Internet with many to many on variety of transactions on digital devices
This definition encompasses the use of digital technology (option a) and the ability to do business with various partners (option b). It does not exclude smaller parties (contrary to option c), which is crucial for SMEs. Instead, it highlights the ability to conduct a variety of transactions over the internet, which is a key aspect of digital business.
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