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Question
Write short note on e-business
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Solution
A broader definition of EC that includes not just the buying and selling of goods and services, but also servicing customers, collaborating with business partners, and conducting electronic transactions within an organization.
E-business is the conduct of business on the internet, in supply chain planning, tracking, fulfillment, invoicing, and payment. It includes buying and selling as well as servicing customers and collaborating with business partners.
E-Business goes beyond a website on the Internet to affect all aspects of business from strategy and process to trading partners and the ultimate consumer. It combines the resources of traditional information systems with the global reach of the web.
In Business, organizations have several goals in mind:
- Reach new markets
- Create anew products or services.
- Build customer loyalty.
- Enrich human capital.
- Make the best use of existing and emerging technologies
- Achieve market leadership and competitive advantage.
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RELATED QUESTIONS
Write short note on Disadvantage of e – business.
State with reasons, whether the following statement is True or False:
e‐business means using the internet to connect people and processes.
State with reasons whether the following statements are True or False
e-business allows you lo work across the globe in any field.
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Advantages of e - business
Select the proper option from the options given below and rewrite the completed sentence:
An electronic facility of transferring funds through the internet is _______ transfer.
State with reasons whether the following statement true or false.
It is easy to set up e-business as compared to traditional business.
State with reasons whether the following statement true of false.
E-business allows you to work across the globe in any field.
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What is e-business?
Answer the following.
What are the advantages and disadvantages of e-business?
State any three differences between e-business and traditional business.
Describe briefly any two applications of e-business.
Why are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.
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 |
The term e-business is derived from the term e-mail and e-commerce.
E-business allows you to work across the globe in any field.
Select the correct option and complete the table.
(Business to Business, First step, e-commerce, payment mechanism, e-business)
| Group A | GroupB | |
| A) | Registration | ____________ |
| B) | Superset of e-commerce | ____________ |
| C) | ____________ | Last step |
| D) | Subset of E-business | ____________ |
| E) | ____________ | B2B |
Distinguish between.
E-business and E-commerce
Justify the following statement.
It is easy to set up e-business as compared to traditional business.
E-commerce is a branch of ___________.
The concept of e-business was coined in late 90s by ______.
