Emerging Business
Q. What do you mean by
Internet Connection?
Ans. Internet connection is
also a pre-requisite for e-business as e-business owes its existence to the
Internet. When we open our Internet connection, the service provider tells us
to install the web Browser. In fact, it is only the web Browser that takes us
into the world of e-business.
Q. What is the Need for
outsourcing of Services?
Ans. Need for Outsourcing
of services:
(1) To obtain specialized Services
(2) To Get Benefits of latest
developments
(3) To avoid fixed investment
(4) To run business efficiently
Q. Describe the nature of
outsourcing of services.
Ans. Nature of outsourcing
of services:
(1) Availablity of specialized
service agencies
(2) Quality service
(3) Cheaper service
(4) Increase in efficiency of the
users
Q. What do you understand
by outsourcing?
Ans. Outsourcing of
services means delegation of one or more business processes to an outside
agency that would normally have been performed within the organization on a
regular basis.
Q. Mention the resources
required for e-business.
Ans. Resources required for
e-business:
(1)Adequate computer systems
(2) Internet connection and
telecommunication system
(3) A website
(4) Technically qualified
workforce
(5) Fool-proof system of receiving
payments
Q. What are the benefits
of e-business?
Ans. Benefits of
e-business:
(1) Worldwide market and global
choice
(2) Rapid response to needs
(3) Time saving
(4) Reduction in operation cost
(5) Personalized products and
services
(6) Ease in launching new product
Q. What is the meaning of
e-commerce?
Ans. E- Commerce is an
electronic system of dealing in all-commercial activities and business
transactions through Internet. E-commerce can take place within or among three
groups of economic factors namely business, government and individuals.
Q. Name the types of
services which are outsourced.
Ans. Types of outsourcing
services:
(1) Financial Services
(2) Advertising services
(3) Courier Services
(4) Customer Support Services
Q. What are essential
elements for security and safety of e-business
transactions?
Ans. There are five
essential elements for security and safety of transactions carried out through
e-business:
(1) Authenticity:
It implies that each party in a transaction must ascertain with certainly the
identify of the other party
(2) Integrity:
It implies that there must be honesty in dealings.
(3) Confidentiality:
It implies that there must be privacy of the transaction
(4) Non-
reputability of origin: It implies that the parties to a
transaction cannot subsequently deny their production
(5) Non-reputability
of receipt: It implies that the seller subsequently cannot
deny the payment received.
Q. List the opportunities
offered by E-Business.
Ans. E-business offers tremendous
opportunities to following four parts of the business:
(1) Opportunity to producers: E-Business enables
producers to select the best suppliers regardless of their geographical
location. The producers can acquire quality raw materials and latest production
technology from new suppliers.
(2) Opportunity to wholesaler / distributes: Wholesaler
by taking the advantage of e-business can work more closely with their
suppliers and they can be more responsive to the needs and expectations of
their retailers and customers
(3) Opportunity to retailer: A retailer can save his
existence by linking his business with the on – line Distribution. There fore
the retailers who have the capacity to link their business with the online,
E-business is a good opportunity
(4) Opportunity to customer: Customers can purchase
required quality products and services at competitive prices from suppliers
anywhere in the world.
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