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Question
Write short answers for the following question:
What is e-business?
Solution
E-business refers to the business activities that take place online or through the web. This enables the buyers and sellers to carry out trade anytime throughout the year. It saves time as well as efforts of the consumers as the trade can be conducted anywhere and anytime. It also eliminates the cost and time involved in reaching out to the seller. E-business is primarily derived from the terms ‘email’ and ‘e-commerce’; however, it is a broader concept compared to e-commerce, as e-commerce deals with only the trading aspect of online business. E-business, on the other hand, includes various other business activities
such as manufacturing, buying, selling and management of the whole business through the internet. Moreover, e-business offers many other advantages over traditional business like low set-up cost, easy formation and wider reach in the market.
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Study the following case/situation and express your opinion.
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i. Which shopping is from a traditional business?
ii. Which shopping is from e-business?
iii. Which business involved high risk?
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| (d) Business ethics | (4) Central bank |
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| (6) Decides the ways and means to achieve what has been planned | |
| (7) Branch of social science | |
| (8) Efficient business | |
| (9) Commercial bank | |
| (10) Single Buyer |
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