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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.
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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 |
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|
6) BPO |
|
|
7) RTO |
|
|
8) Efficient business |
|
|
9) Exist only in cyberspace |
|
|
10) Last step |
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ii. Which shopping is from e-business?
iii. Which business involved high risk?
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| 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?
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