Ch#5 Emerging Modes Of Business

Question 1

Define e-Business

Answer 1

E-Business is defined as the conduct of industry, trade and commerce using the computer networks

Question 2

What are the various constituents of e-Business?

Answer 2

B2B commerce
B2C commerce
Intra-B commerce
C2C commerce

Question 3

What are the benefits of e-Business?

Answer 3

Convenience
Speed
Global reach
Movement towards a paperless society

Question 4

What are the limitations of e-Business?

Answer 4

Low personal touch
Incongruence between order taking/giving and order fulfilment speed
Need for technology capability and competence of parties to e-Business
Increased risk due to anonymity and non traceability of parties
People resistance
Ethical fallouts

Question 5

What are the ways of online transaction?

Answer 5

Registration
Placing an order
Payment mechanism- cash on delivery, cheque, net banking transfer, debit or credit cards, digital cash

Question 6

What are the e-Business risks?

Answer 6

Transactions risks
Data storage and transmission risks
Risks of threat to intellectual property and privacy