NCERT Solutions for Class 11 Business_Studies Chapter 5 Emerging Modes of Business

Emerging Modes of Business. E-business refers to “Carrying on business activities through the internet.” Transaction taking place between businesses units are known as B2B transaction. The transaction taking place between business units and customers are known as B2C transaction. This chapter 5 covers different concepts – A brief introduction to the topic, e-business, scope of e-business – B2B commerce, B2C commerce, Intra -B commerce, C2C commerce, eBay feedback, benefits of e-business – convenience, speed, global reach/access. The movement towards a paperless society, demerits of e-business – low personal touch, need for technology capability and competence of parties to e-business, increased risk due to anonymity and non- traceability of the parties.