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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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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 |
E-business is an abbreviation for ____________.
E-business means using the ___________ to connect people and process.
Justify the following statement.
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E-commerce is a branch of ___________.
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State any four points highlighting the importance of e-business to the buyers.
