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Question
State any three differences between e-business and traditional business.
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Solution
| Sr. No. | Basis of difference | Traditional business | E-Business |
| 1. | Ease in formation | Formation is relatively difficult, as there exist numerous formalities that are required to be fulfilled. | Relatively easier to start. |
| 2. | Internal communication | Follows a hierarchical communication structure (from top to bottom). | Follows a non-hierarchical communication structure (no defined structure). |
|
3. |
Start-up cost |
Heavy start-up cost. | Relatively low start-up cost (as physical facilities are not required). |
| 4. | Market access | Access is restricted to the physical domain. | Access is comparatively wide and unlimited. |
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| Group A | GroupB | |
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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. |
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| (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 |
