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Question
Select the proper option from the options given below and rewrite the completed sentence:
The process of contracting a business function to someone else is called as ________.
Options
e-business
outsourcing
trading
Solution
The process of contracting a business function to someone else is called as outsourcing.
Explanation:
Outsourcing is the process of contracting out less important (i.e., non-core) business activities to external agencies. These external agencies are highly specialised and enjoy expertise in specific business activities, such as advertisement and promotion of products and post-sale services. By outsourcing less important business activities, firms can focus on important (i.e., core) activities.
RELATED QUESTIONS
Select the proper option from the options given below and rewrite the completed sentence:
The transactions under ________ are between business firms and consumers
Select the proper option from the options given below and rewrite the completed sentence:
Credit or debit cards are popularly known as ________ money.
Match the pairs:
| Group A | Group B | ||
| a. | e-business | 1. | cost reduction |
| b. | B to C | 2. | Hyper Transfer Text Protocol |
| c. | ATM | 3. | encryption |
| d. | Payment geteway | 4. | electronic business |
| e. | HTTP | 5. | point of sale |
| 6. | Business to Consumer | ||
| 7. | Business to Business | ||
| 8. | authorizes payment made online | ||
| 9. | outsourcing | ||
| 10. | Automatic Teller Machine |
Write the word or phrase or term which can substitute the following:
Name the form of electronic currency that exists only in cyberspace.
Write the word or phrase or term which can substitute the following:
Name the service provider which is used for payments through web.
Write short note on the following:
Online transactions
Write short note on the following:
Payment Mechanism
State with reasons whether the following statement true of false.
The term “e-business” is derived from the terms “e-mail” and “e-commerce”.
State with reasons whether the following statement true of false.
Credit cards are used for cash payments.
State with reasons whether the following statement true of false.
In online transactions, account and shopping cart are password protected.
Write short answers for the following question:
What is a payment gateway?
Write short answers for the following question:
What is net-banking transfer?
Answer the following.
What is e-business? How did the concept originate?
