Question

Study the following case/situation and express your opinion:

Sagar purchased watch from Titan shop and his friend Anjali purchased watch from online shopping site.

1. Who has purchased from traditional way?
2. Who has purchased from c-business?
3. Which business involves high risk?

Answer 1

1. Sagar purchased his watch in the traditional way. Traditional business involves buying goods from a physical brick-and-mortar store where the customer and seller interact face-to-face.
2. Anjali purchased her watch from a “c-business” (commonly referred to as e-business or electronic business). This involves conducting transactions over the internet via online shopping sites.
3. e-business i.e. purchase of a watch from online shopping sites involves high risk as there is no direct contact between Anjali and the e-business owners.