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Questions
Explain the following term/concept.
E-business
Briefly explain the following:
e-business
Solution
- E-business is the conduct of business on the Internet. It involves not only buying and selling but also servicing customers and collaborating with business partners.
- E-business encompasses the use of technologies, processes and management practices that enhance organisational competitiveness through the strategic use of electronic information.
- It goes beyond e-commerce by integrating e-commerce tightly with business operations to improve performance, create value and enable new relationships between business firms and customers.
- E-commerce enables business firms to reach customers worldwide who have access to the Internet. Therefore, the whole world has become a potential market for business enterprises.
- A website is open 24 hours. It can take orders, keep an eye on delivery of goods and receive payments at any time. A business firm can provide desired information about its products and services to customers. It can also display three-dimensional images of its products on the Internet.
- For the customers, the whole world becomes a shop. They can look at and evaluate the same product on different websites and make the best choice. There are no limitations on inventory and space.
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E-business allows you to work across the globe in any field.
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What are the advantages of e-business?
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The term e-business came into existence in the year __________.
E-business means using the ___________ to connect people and process.
E-business is ___________ of e-commerce.
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 |
Answer in one sentence.
What is E-business?
Correct the underlined word and rewrite the following sentence.
E-business is hard to start.
Distinguish between.
E-business and E-commerce
Justify the following statement.
It is easy to set up e-business as compared to traditional business.
Justify the following statement.
E-business allows users to work across the globe in any field.
E-commerce is a branch of ___________.
It is easy to set up e-business as compared to traditional business.
Study the following case/situation and express your opinion.
| Ram purchases a watch from Titan shop and his friend sham purchases a watch from an online shopping site. |
- Which shopping is from a traditional business?
- Which shopping is from e-business?
- Which business involved high risk?
The concept of e-business was coined in late 90s by ______.
