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5.
Emerging MOde of business

Meaning of E-Business :
E-Business refers to “ Carrying out business activities”
through the internet
Scope Of E-Business
B2B Commerce B2C Commerce C2C Commerce
Transactions taking place The transactions taking The transactions taking place
between business units are place between business units between customers and
known as b2b transactions. and customers are known as customers are known as C2C
These transactions may B2C transactions. B2C transactions. C2C transactions
involve : transactions may involve : may involve :
Creation of Utilities Selling and Distribution Selling used books, clothes,
Collaborations After sale service etc.
Commercial negotiation Promotion and other Selling antique items.
Inviting tenders marketing activities Warning customers about
Distribution of goods Lodging of complaints fraudulent suppliers.
from manufacturer to by customer, etc. Information about the
various distributors, etc. quality and durability of
product, etc.
Intra B-commerce : (it is also a scope of e-business)
This refers to transactions between the parties or persons

who are the part of one firm only. It is transactions within
the firm that is why it is also called intrafirm. Generally, a
firm has to deal with its suppliers, customers, employees, etc.
These are called intra B-commerce interactions.
Intra B-commerce transactions may involve:
(a) Interaction between any two departments of one firm *Ek business ko run
(b) Placing orders and giving instructions to suppliers karne ke liye
(c) Communication of important information in the whole organization ke andar ki
organisation sari transactions and
interactions Intra
(d) Recruitment, selection and training of employees
B-commerce me aati hai.
(e) Reporting by employees to their managers, etc.
Opportunities or Benefits of e-Business
Easy to Form and Lower Investment is Required: It is very easy to start e-business. The
benefits of internet technology are that with little investment and more contacts one
can do better in the business.
Convenience: With the help of e-business shopping can be done conveniently sitting at
home.
Speed: Through e-business information can be exchanged and buying and selling can be
done just with the click of a mouse.
Global Reach: Through e-business the businessman can reach each and every human on
this planet who has access to Internet.
Cost Saving: Trading through e-business is more economical as compared to other trading
because in e-commerce the businessmen are not required to own a showroom for display
of their goods.
Movement towards a Paperless Society: Use of Internet has reduced the dependence on
the paperwork and red tape.
*Red Tape matlab lamba paper work. Jo
ab nahi karna padta due to E-Business
Basis Of Difference E-Business Traditional Business
1. Formation Easy to From Difficult to From
Personal touch is present

2. Personal Touch No Personal Touch specially in sole proprietorship
and partnership
3. Setting up cost Low High
4. Operating cost Low High
Difficult, as various legal

Much, as Internet has no
5. Ease of expansion formalities are to be
geographical boundaries.
completed
6. Physical Examination
Not Possible Possible
of Goods
7. Human resource Technically qualified and IT Semi-skilled and skilled

required professionals are required labour required
High risk as there is no direct Less as parties have

8. Risk involved
contact between the parties personal interaction
9. Distribution No distribution channel used Various intermediaries
as manufacturers prefer to such as wholesaler.
channel sell directly to customers retailers, etc. are involved
Shorter, because various Longer, because one process
10. Length of
processes can be carried out is carried out at one time
business cycle for example, purchase, then
simultaneously
production, then sale, etc
Important Questions with Answers

Q.1. : What does 'e' stand for in e-commerce?
Ans : Electronic
Q.2. : What is the basic difference between e-commerce and e-business?
Ans. : E-commerce is just one segment of e-business as it includes only buying and
selling of goods and services.
Q.3. : Name any two risks involved in e-commerce.

Ans. : (i) Virus (ii) Hacking
Q.4. : Which is the common mode of payment under e-commerce?

Ans. : Credit Card
Q.5. : Why is India a preferred destination for manufacturing etc.?
Ans. : It is because of availability of large-scale manpower at lower cost.
Q.6 : Name the electronic currency that exists only in cyberspace?

Ans. : Digital cash
Q.7. : What is the popular name for debit card or credit card?
Ans. : Plastic money
Q.8. : What is meant by mode of business?

Ans. : Mode of business means manner of conducting business
Q.9. : Define E-commerce.
Ans. : E-commerce means conduct of Industry, trade, and commerce though
. electric means.
Q.10. : Discuss the limitation of electronic mode of doing business. Are these
limitations severe enough to restrict the scope? Give reasons for your
answer.
Ans. : Some common limitations of E-Business are :
The Consumer is not able to directly see or examine the goods personally.
It requires highly skilled professionals for its functioning.
It is highly risky as the parties are not in direct contact.
However these limitation are not severe enough to restrict the scope as
the advantages of E-Business outweighs them.
NOTE : Worksheet (Important questions of all typology with

answers) is provided as a seperate PDF on website
padhleakshay.com

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5.

Emerging MOde of business

B2B Commerce B2C Commerce C2C Commerce

Intra B-commerce : (it is also a scope of e-business)

This refers to transactions between the parties or persons

Opportunities or Benefits of e-Business

Basis Of Difference E-Business Traditional Business

1. Formation Easy to From Difficult to From

Personal touch is present

3. Setting up cost Low High

4. Operating cost Low High

Difficult, as various legal

7. Human resource Technically qualified and IT Semi-skilled and skilled

High risk as there is no direct Less as parties have

Important Questions with Answers

Q.3. : Name any two risks involved in e-commerce.

Q.4. : Which is the common mode of payment under e-commerce?

Q.6 : Name the electronic currency that exists only in cyberspace?

Q.8. : What is meant by mode of business?

NOTE : Worksheet (Important questions of all typology with

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