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Question
Justify the following statement.
It is easy to set up e-business as compared to traditional business.
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Solution
- 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.
- 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.
- 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.
- 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.
RELATED QUESTIONS
Write the word or phrase or term which can substitute the following:
The term derived from the terms e-mail and e-commerce.
Disadvantages of e‐business.
Select the proper option from the options given below and rewrite the completed sentence:
The term “e-business” is derived from the terms ________ and e-commerce.
State with reasons whether the following statement true of false.
E-business allows you to work across the globe in any field.
Write short answers for the following question:
What is e-business?
Write short answers for the following question:
What are the advantages of e-business?
Answer the following.
What are the advantages and disadvantages of e-business?
Choose the correct option for the following:
e-commerce does not include
Choose the correct option for the following:
The payment mechanism typical to e-business
Match the pairs:
|
Group ‘A’ |
Group ‘B’ |
|
A) E-business |
1) Consumer to consumer |
|
B) B2C |
2) Exist everywhere |
|
C) Outsourcing |
3) First step |
|
D) Digital cash |
4) Business to Consumer |
|
E) Registration |
5) Electronic business |
|
6) BPO |
|
|
7) RTO |
|
|
8) Efficient business |
|
|
9) Exist only in cyberspace |
|
|
10) Last step |
The term e-business came into existence in the year __________.
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 |
Correct the underlined word and rewrite the following sentence.
E-business is hard to start.
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?
E-commerce is a branch of ___________.
It is easy to set up e-business as compared to traditional business.
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. |
- Which shopping is from a traditional business?
- Which shopping is from e-business?
- 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 |
