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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.

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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?

Answer in Brief
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Solution

  1. The purchase of a watch by Satvik from Titan shop is an example of traditional business.
  2. The purchase of a watch by Shambhavi from an online shopping site is an example of e-business.
  3. 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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Chapter 5: Emerging Modes of Business - Exercise [Page 111]

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