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Question
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?
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Solution
- The purchase of a watch by Satvik from Titan shop is an example of traditional business.
- The purchase of a watch by Shambhavi from an online shopping site is an example of e-business.
- e-business i.e. purchase of a watch from online shopping sites involves high risk as there is no direct contact between Shambhavi and the e-business owners.
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