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Question
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?
Solution
- Ram buying a watch from Titan shop is an example of a traditional business.
- Sham's purchase of a watch from an online shopping site is an example of e-commerce.
- E-business sites are high risk because Sham has no direct contact with the e-business owners.
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