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Answer the Following. What Are the Advantages and Disadvantages of E-business? - Organisation of Commerce and Management

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प्रश्न

Answer the following.
What are the advantages and disadvantages of e-business?

थोडक्यात उत्तर

उत्तर

The advantages of e-business are:
i. Ease of Formation - The investment required to start up e-business is almost negligible. This is because it does not require much capital or resources for the physical establishment of the business. Thus, it becomes a comparatively easier mode of trading than the traditional mode of business.
ii. Global Access - E-business provides a worldwide access to the business. Businessmen are able to extend their sale of products to a large number of consumers. Similarly, the consumers also get to choose from a variety of goods. Thus, it can be said that e-business has shrunk the whole world where international boundaries do not matter anymore.
iii. Consumer-Friendly - E-commerce saves the time and efforts of the consumers. It provides a wide range of payment options to its customers such as debit cards, credit cards, cash on delivery and EMIs. All these options are quite safe and secure.
The disadvantages of e-business are:
i. Lack of Personal Touch - Unlike traditional business methods, e-commerce lacks a personal touch, as both the consumer and the seller are not physically present when the deal is made. As a result, direct trading is preferred over ecommerce for products such as clothes, shoes and jewellery.
ii. Lack of Security - Online trading and transactions are highly prone to internet risks and online threats. The possible threats could be leakage of credit/debit card details to the third parties, anonymity of the trading people, virus attacks and hacking and phishing.
iii. Technical Drawbacks - Online trading requires basic computer knowledge and internet familiarity. This often creates distress for the people who do not know how to operate computer. Furthermore, this often divides the society (termed as ‘digital divide’) into computer literates and computer illiterates. Besides, sometimes due to technical problems or server downtime, websites stop functioning; this may add to the frustration of the consumers and may even discourage them to revisit the website.

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पाठ 3: Emerging Modes of Business - Answer the following [पृष्ठ ९८]

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मायकल वाझ Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
पाठ 3 Emerging Modes of Business
Answer the following | Q 6 | पृष्ठ ९८

व्हिडिओ ट्यूटोरियलVIEW ALL [2]

संबंधित प्रश्‍न

Write short note on e-business


Disadvantages 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.


Write short notes .

Advantages of e - business


Select the proper option from the options given below and rewrite the completed sentence:
The term “e-business” is derived from the terms ________ and e-commerce.


Select the proper option from the options given below and rewrite the completed sentence:
In bigger shops situated in shopping malls or branded stores, there is a ________ terminal


Distinguish between.

Traditional business and E-business


Write short note on the following:
E-business


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.


Write short answers for the following question:
What is e-business?


Write short answers for the following question:
What are the advantages of e-business?


Answer the following.
What are the resources required for successful e-business implementation


Answer briefly the following questions:

State any two benefits of e-business to the buyers.


Answer the following question:

What is a Dictaphone?


With reference to the Post Office, expand the following:

 VPP


With reference to the Post Office, expand the following:

PIN


Answer briefly the following questions:

With reference to post office services, write the expanded forms of:
(a) RMS
(b)TMO


Briefly explain four advantages of the following: Telefax


Answer the following question:

How does a business reply card help a business concern?


Choose the correct option for the following:
e-commerce does not include


Elaborate the steps involved in on-line trading.


The term 'e-business' is derived from the term ___________ and e-commerce.


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 allows you to work across the globe in any field.


E-business means using the ___________ to connect people and process.


Answer in one sentence.

What is E-business?


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?


Justify the following statement.

It is easy to set up e-business as compared to traditional business.


E-commerce is a branch of ___________.


E-commerce is a branch of ___________.


The term e-business came into existence in the year 1998.


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