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Justify the following statement. It is easy to set up e-business as compared to traditional business. - Organisation of Commerce and Management

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प्रश्न

Justify the following statement.

It is easy to set up e-business as compared to traditional business.

औचित्य
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उत्तर

  1. E-business, or electronic business, is the process of conducting business over the internet. This would entail purchasing and selling goods or services, as well as offering technical or customer support over the internet.
  2. Traditional business requires time to travel, convince, bargain, and communicate with customers. This method wastes a lot of time, energy, and money. E-business expedites the delivery and approval of necessary information, including terms and conditions.
  3. In traditional companies, a considerable physical space is required to arrange and exhibit a wide choice of products. It requires a significant amount of capital to provide the infrastructure, staff, and other necessary amenities. The internet allows e-businesses to be founded, managed, and run from anywhere, including one's own house. Naturally, it requires little capital.
  4. Establishing a traditional business is challenging; however, starting an e-enterprise is quite simple. As a result, e-business is easier to set up than traditional businesses.
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अध्याय 5: Emerging Modes of Business - Exercise [पृष्ठ १११]

वीडियो ट्यूटोरियलVIEW ALL [2]

संबंधित प्रश्न

Write short note on the following:

Advantages of e-business.


Write short note on e-business


Select the proper option from the options given below and rewrite the completed sentence:

An electronic facility of transferring funds through the internet is _______ transfer.


Answer the following.
What are the advantages and disadvantages of e-business?


State any two benefits of e-business to the buyers.


Explain the Post Box Service provided by Post Office. State any two advantages to the organisation which uses this service.


State any three differences between e-business and traditional business.


Describe briefly any two applications of e-business.


Why are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.


Elaborate the steps involved in on-line trading.


The term 'e-business' is derived from the term ___________ and e-commerce.


The term e-business is derived from the term e-mail and e-commerce.


E-business is an abbreviation for ____________.


Select the correct option and complete the table.

(Business to Business, First step, e-commerce, payment mechanism, e-business)

  Group A GroupB
A) Registration ____________
B) Superset of e-commerce ____________
C) ____________ Last step
D) Subset of E-business ____________
E) ____________ B2B

Study the following case/situation and express your opinion.

Satvik purchases a watch from Titan shop and his friend Shambhavi purchases a watch from online shopping sites.

i. Which shopping is from a traditional business?

ii. Which shopping is from e-business?

iii. Which business involved high risk?


What are the types of e-business? Explain.


Study the following case/situation and express your opinion.

Ram purchases a watch from Titan shop and his friend sham purchases a watch from an online shopping site.
  1. Which shopping is from a traditional business?
  2. Which shopping is from e-business?
  3. Which business involved high risk?

Match the pair:

Group 'A' Group 'B'
(a) Organising (1) Branch of natural science
(b) Reserve Bank of India (RBI) (2) F. W. Taylor
(c) E-business (3) Trademark
(d) Business ethics (4) Central bank
(e) Registered brands (5) Electronic business
  (6) Decides the ways and means to achieve what has been planned
  (7) Branch of social science
  (8) Efficient business
  (9) Commercial bank
  (10) Single Buyer

The concept of e-business was coined in late 90s by ______.


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