Question 1.
\nState any one strongest trend shaping the present business.
\nAnswer:
\nDigitization is the strongest trend shaping the present business.<\/p>\n
Question 2.
\nWhat is digitalisation?
\nAnswer:
\nThe conversion of text, sound, images, video, and other content into a series of ones and zeroes that can be transmitted electronically.<\/p>\n
![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/KSEEB-Solutions.png\")
<\/p>\n
Question 3.
\nName the network that is most familiar to students or consumers.
\nAnswer:
\nInternet is the network which is most familiar to all section of people.<\/p>\n
Question 4.
\nWhat is e-commerce?
\nAnswer:
\nE-commerce is conducting the activities of industry, trade, and commerce using computer networks, i.e. internet.<\/p>\n
Question 5.
\nWhat is B2B?
\nAnswer:
\nB2B is a Business-To-Business Model in which transactions are done between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.<\/p>\n
Question 6.
\nWhat is B2C?
\nAnswer:
\nB2C is Business-To-Customer in which Business transactions conducted directly between a company and consumers who are the end-users of its products or services.<\/p>\n
<\/p>\n
Question 7.
\nWhat is Intra-B?
\nAnswer:
\nIf parties involved in electronic transactions are from within a business firm, then it is known as intra-B commerce.<\/p>\n
Question 8.
\nWhat is C2C?
\nAnswer:
\nConsumer-To-Consumer is a business model that facilitates the transaction of products or ser\u00acvices between customers.<\/p>\n
Question 9.
\nWhat is B2E?
\nAnswer:
\nBusiness-to-employee (82E) electronic commerce uses an intra-business network that allows companies to provide products and\/or services to their employees. Typically, companies use B2E networks to automate employee-related corporate processes. B2E portals have to be compelling to the people who use them.<\/p>\n
<\/p>\n
Question 10.
\nExpand BPO.
\nAnswer:
\nBusiness Process Outsourcing.<\/p>\n
Question 11.
\nGive an example of a business firm for C2C.
\nAnswer:
\neBay, OLX, Quicker, etc.<\/p>\n
Question 12.
\nGive an example for B2C.
\nAnswer:
\nAmazon.<\/p>\n
Question 13.
\nState any one benefits of e-business.
\nAnswer:
\nGlobal reach\/access.<\/p>\n
Question 14.
\nState any two limitations of e-business.
\nAnswer:
\nTwo limitations of e-business.<\/p>\n
Question 15.
\nState any one risk of e-business.
\nAnswer:
\nTransaction risks.<\/p>\n
Question 16.
\nState anyone ways of payment in online transactions.
\nAnswer:
\nCash-on Delivery.<\/p>\n
Question 17.
\nWhat is plastic money?
\nAnswer:
\nPlastic money made out of plastic is a new and easier way of paying for goods and services. It includes credit cards, debit cards smart cards, etc.<\/p>\n
<\/p>\n
Question 18.
\nState any one resource required for successful implementation of e-business.
\nAnswer:
\nInternet Connection.<\/p>\n
Question 19.
\nState any one threat to outsourcing.
\nAnswer:
\nConfidentiality.<\/p>\n
Question 20
\nGive an example for a captive BPO Unit working in India for its parent company and subsidiaries.
\nAnswer:
\nSecure Sockets Layer.<\/p>\n
Question 21.
\nExpand SSL.
\nAnswer:
\nSecure Sockets Layer.<\/p>\n
Question 22.
\nExpand VIRUS.
\nAnswer:
\nVirus means Vital Information Under Siege.<\/p>\n
Question 23.
\nState any one application of e-business.
\nAnswer:
\nE- Delivery.<\/p>\n
<\/p>\n
Question 24.
\nExpand ATM.
\nAnswer:
\nAutomated Teller Machine.<\/p>\n
Question 25.
\nState any one features of outsourcing.
\nAnswer:
\nProcesses may be outsourced to a third party.<\/p>\n
Question 26.
\nState any one demerits of e-business.
\nAnswer:
\nLess security.<\/p>\n
Question 27.
\nWhat is a virus?
\nAnswer:
\nA virus means vital information under Siege. It is a program that replicates itself on other computer systems.<\/p>\n
Two Mark Questions<\/span><\/p>\n Question 1. Question 2. Question 3. Question 4. Question 5. Question 6. Question 7. Question 8. Question 9. Question 10. Question 11. Question 12. Question 13. Question 14. Question 15. Question 16. Question 17. Question 18. Four Bark Questions<\/span><\/p>\n Question 1. Question 2. (b) Selection of product: The buyer should select the product from the menu given on the website. For this purpose, the buyer might have visited the website of two or more vendors and compare price and quantity.<\/p>\n (c) Placing an order: While browsing the website, the buyer should drop the selected item in his shopping cart. Once the products are selected and the order is placed sales take place.<\/p>\n (d) Payment mechanism: When the sale takes place, the buyer should give his payment option. The payment can be made in any one of the following ways:<\/p>\n A credit card allows its holder to make purchases on credit. Later the issuing bank transfers the amount to the online vendor’s account and the buyer’s account is debited.<\/p>\n A debit card allows its holder to make purchases up to a specified amount. The amount is deducted electronically as and when the purchase is made.<\/p>\n (e) Digital cash: This is a form of electronic currency that exists only in cyberspace. This type of currency has no real physical properties but offers the ability to use real currency in an electronic format.<\/p>\n Question 3. Question 4. (b) Convenience: Electronic commerce enables customers to shop or do other transactions 24 hours a day, all year round, from almost any location.<\/p>\n (c) Global Reach\/Access: The Internet is true without boundaries. On the one hand, it allows the seller access to the global market; on the other hand, it affords to the buyer the freedom to choose products from almost any part of the world.<\/p>\n (d) Cost-Effective: E-commerce is proved to be highly cost-effective for business concerns as it cuts down the cost of marketing, processing, inventory management, customer care, etc. It also reduces the burden of infrastructure required for conducting business.<\/p>\n Question 5. (b) Less Security: The biggest obstacle in the growth of e-commerce is the issue of security. Internet is not a secured medium of communication. There are tools or options available to hackers whereby they cannot only monitor but also control any data communicated over the internet.<\/p>\n (c) Dependent on Internet: E-business is dependent on the internet. Mechanical failures in the system can cause unpredictable effects on the total processes.<\/p>\n (d) E-commerce Delays Goods: E-business takes more time to deliver the goods into con\u00acsumer hands when compared to traditional business.<\/p>\n Question 6. (b) Cheque: The buyer may send a cheque to the online vendor. In this case, the goods are delivered upon realization of the cheque.<\/p>\n (c) Net-banking Transfer: The buyer may instruct his bank to electronically transfer the amount from his account to the account of the online vendor.<\/p>\n (d) Debit Card or Credit Card: Popularly referred to as \u2018plastic money,\u2019 these cards are the most widely used medium for online transactions. A credit card allows its holder to make purchases on credit. Later the issuing bank transfers the amount to the online vendor’s account and the buyer’s account is debited.<\/p>\n (e) Digital Cash: This is a form of electronic currency that exists only in cyberspace. This type of currency has no real physical properties but offers the ability to use real currency in an electronic format.<\/p>\n Question 7. The need for outsourcing is outlined in the following points: (b) Quest for excellence: Outsourcing enables the firms to pursue excellence by virtue of limited focus and also by extending their capabilities through contracting out the remaining activities to those who excel in performing them.<\/p>\n (c) Cost reduction: It has become necessary for firms operating in global markets to maintain the quality of products while keeping prices low. Thus, the only way to survival and profitability is cost reduction. The outsourcing partners deliver the same service to a number of organizations and hence benefit from economies of large scale leading to lower cost.<\/p>\n (d) Growth through alliance: Investment requirements are reduced when some activities are outsourced. Outsourcing also facilitates inter-organizational knowledge sharing and collaborative learning.<\/p>\n (e) Stimulates economic development: Outsourcing stimulates entrepreneurship, employment, and exports in the host countries.<\/p>\n For Example, the IT sector in India has become an undisputed leader as far as global outsourcing in software development and IT-enabled services are concerned having 60% of the global outsourcing share in the informatics sector.<\/p>\n Limitations of Outsourcing: (b) Sweat-shopping: Outsourcing firms seek to lower their costs by utilizing the low-cost manpower of the host countries. Moreover, the work that is outsourced is not of the type which may build the competency and capability of the outsourcing partner.<\/p>\n (c) Ethical concerns: In order to reduce the manufacturing costs manufacturing processes are being outsourced to developing countries where they use child labor\/women in the factories and working conditions are unhygienic and even unsafe.<\/p>\n (d) Resentment in the Home Countries: Global enterprises outsource their activities to firms located in countries where labor costs are much less. However, if the home countries of these enterprises are facing unemployment, then this may lead to resentment and disturbances.<\/p>\n Question 8. (b) Sweat-shopping: As the firms that outsource seek to lower their costs, they try to get the maximum benefit from the low-cost manpower of the host countries. Moreover, it is observed that the firm that goes in for outsourcing looks for is the \u2018doing\u2019 skills rather than the development of the \u2018thinking skills.<\/p>\n (c) Ethical Concerns: In order to cut costs, outsource manufacturing to a developing country where they use child labor\/women in the factories. Back home, the company cannot do so due to stringent laws forbidding the use of child labor.<\/p>\n (d) Resentment in the Home Countries: In the course of contracting out manufacturing, marketing, research, and development of IT-based services, what is ultimately contracted out is \u2018employment\u2019 or jobs. This may cause resentment back in the home country (i.e., the country from which the job is being sourced out) particularly if the home country is suffering from the problem of unemployment.<\/p>\n Question 9. Features of Outsourcing Generally, Non-core Business Activities are Outsourced: Depending upon what business a company is in, there will be some activities that are central and critical to its basic business purpose. Other activities may be regarded as secondary or incidental to fulfilling that basic purpose. Only those activities (other activities) are outsourced to outside agencies.<\/p>\n Processes may be Outsourced to a Third Party: The processes are outsourced to the service provider (i.e. third party) who operates independently in the market and provides services to other firms too.<\/p>\n Question 10. Multiple Choice One Mark Questions<\/span><\/p>\n Question 1. Question 2. Question 3. Question 4. Question 5. Short Answer Questions<\/span><\/p>\n Question 1. Question 2. Question 3. (b) E-Communication\/ErPromotion: It includes e-mails, publication of online catalogs dis\u00acplaying images of goods, advertisement through banners, pop-ups, opinion polls and customer surveys, etc. Meetings and conferences may be held by the means of video conferencing.<\/p>\n Question 4. (b) Similarly there is a concern over the ethical aspect of outsourcing the work to countries where gender-based wage discrimination is done and hence women are paid lower wages.<\/p>\n Question 5. Data may be intercepted in the course of transmission. Cryptography is used for protection against such risks. It refers to the art of protecting information by transforming it (encrypting it) into an unreadable format called \u2018cipher text\u2019. Only those who possess a secret key can decipher (or decrypt) the message into \u2018plaintext\u2019 and thus others do not understand your conversation.<\/p>\n Long Answer Questions<\/span><\/p>\n Question 1. E-business may be defined as the conduct of industry, trade, and commerce using the computer networks, e-business covers a firm\u2019s interactions with its customers and suppliers over the internet and also other electronically conducted business functions such as production, inventory management, product development, accounting and finance, and human resource management.<\/p>\n Outsourcing represents a new model of business as it is a departure from the traditional thinking of self-sufficiency in business. It refers to a long-term contracting out of business activities to captive or third-party specialists with a view to benefiting from their experience, expertise, efficiency, even investment. Generally, the non-core business activities are outsourced but of late even some of the core activities have started being outsourced.<\/p>\n Question 2. (b) Selection of product: The buyer should select the product from the menu given on the website. For this purpose, the buyer might have visited the website of two or more vendors and compare price and quantity.<\/p>\n (c) Placing an order: While browsing the website, the buyer should drop the selected item in his shopping cart. Once the products are selected and the order is placed sales take place.<\/p>\n (d) Payment mechanism: When the sale takes place, the buyer should give his payment option. The payment can be made in any one of the following ways:<\/p>\n A credit card allows its holder to make purchases on credit. Later the issuing bank transfers the amount to the online vendor’s account and the buyer’s account is debited.<\/p>\n A debit card allows its holder to make purchases up to a specified amount. The amount is deducted electronically as and when the purchase is made.<\/p>\n (e) Digital cash: This is a form of electronic currency that exists only in cyberspace. This type of currency has no real physical properties but offers the ability to use real currency in an electronic format.<\/p>\n Question 3. The need for outsourcing is outlined in the following points: (b) Quest for excellence: Outsourcing enables the firms to pursue excellence by virtue of limited focus and also by extending their capabilities through contracting out the remaining activities to those who excel in performing them.<\/p>\n (c) Cost reduction: It has become necessary for firms operating in global markets to maintain the quality of products while keeping prices low. Thus, the only way to survival and profitability is cost reduction. The outsourcing partners deliver the same service to a number of organizations and hence benefit from economies of large scale leading to lower cost.<\/p>\n (d) Growth through alliance: Investment requirements are reduced when some activities are outsourced. Outsourcing also facilitates inter-organizational knowledge sharing and collaborative learning.<\/p>\n (e) Stimulates economic development: Outsourcing stimulates entrepreneurship, employment, and exports in the host countries.<\/p>\n For Example, the IT sector in India has become an undisputed leader as far as global outsourcing in software development and IT-enabled services are concerned having 60% of the global outsourcing share in the informatics sector.<\/p>\n Limitations of Outsourcing: (b) Sweat-shopping: Outsourcing firms seek to lower their costs by utilizing the low-cost manpower of the host countries. Moreover, the work that is outsourced is not of the type which may build the competency and capability of the outsourcing partner.<\/p>\n (c) Ethical concerns: In order to reduce the manufacturing costs manufacturing processes are being outsourced to developing countries where they use child labor\/women in the factories and working conditions are unhygienic and even unsafe.<\/p>\n (d) Resentment in the Home Countries: Global enterprises outsource their activities to firms located in countries where labor costs are much less. However, if the home countries of these enterprises are facing unemployment, then this may lead to resentment and disturbances.<\/p>\n Question 4. Features:<\/p>\n Karnataka 1st PUC Business Studies Question Bank Chapter 5 Emerging Modes of Business One Mark Questions Question 1. State any one strongest trend shaping the present business. Answer: Digitization is the strongest trend shaping the present business. Question 2. What is digitalisation? Answer: The conversion of text, sound, images, video, and other content into a …<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[81],"tags":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/88178"}],"collection":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/comments?post=88178"}],"version-history":[{"count":0,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/posts\/88178\/revisions"}],"wp:attachment":[{"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/media?parent=88178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/categories?post=88178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kseebsolutions.guru\/wp-json\/wp\/v2\/tags?post=88178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nMention any one strongest trends shaping the present business.
\nAnswer:
\n(a) Digitisation.
\n(b) Globalisation.<\/p>\n
\nDistinguish between e-business and e-commerce.
\nAnswer:
\n![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/1st-PUC-Business-Studies-Question-Bank-Chapter-5-Emerging-Modes-of-Business.1.png\")
\n<\/p>\n
\nWhat is intra-B commerce?
\nAnswer:
\nIf parties involved in electronic transactions are from within a business firm, then it is known as intra-B commerce.<\/p>\n
\nState any two benefits of e-business. (March – (S) (N) – 2018)
\nAnswer:
\nTwo benefits of e-business are:
\n(a) Global reach\/access
\n(b) Convenience.<\/p>\n<\/p>\n
\nState any two limitations of e-business. (March-S-2019)
\nAnswer:
\nTwo limitations of e-business are:
\n(a) Dependent on the internet.
\n(b) Less security.<\/p>\n
\nState any one risk of c-business.
\nAnswer:
\nThe different types of risks in e-business are:
\n(a) Transaction risks.
\n(b) Data storage and transmission risks.<\/p>\n
\nWhat is cryptography?
\nAnswer:
\nIt refers to the art of protecting information by transforming it (encrypting it) into an unreadable format called \u2018cyphertext\u2019.<\/p>\n
\nWhat are cookies?
\nAnswer:
\nA cookie is information that a website puts on your hard disk so that it can remember something about you at a later time. In other words, it is information for future use that is stored by the server on the client-side of a client\/server communication.<\/p>\n<\/p>\n
\nStale any two ways of payment \u00a1n online transaction.
\nAnswer:
\nThe different ways of online payment transactions are:
\n(a) Cash-on-delivery.
\n(b) Debit card or credit card.<\/p>\n
\nWhat is PayPal?
\nAnswer:
\nPayPal is an electronic commerce (e-commerce) company that facilitates payments between parties through online funds transfers. PayPal allows customers to establish an account on its website, which is connected to a user\u2019s credit card or checking account.<\/p>\n
\nState any two resources required for successful implementation of e-business.
\nAnswer:
\nThe resources required for e-business implementation are:
\n(a) Internet connection.
\n(b) Computer system.<\/p>\n
\nGive the meaning of outsourcing. (March – N – 2019)
\nAnswer:
\nOutsourcing is the process by which a company contracts another company to provide particular services.<\/p>\n
\nGive the meaning of verticals in outsourcing terminology.
\nAnswer:
\nThe hired party service providers are the persons\/firms which specialize in one or two industries and scale up to doing a number of processes from non-core to core. Such service providers are called verticals in outsourcing terminology.<\/p>\n<\/p>\n
\nGive the meaning of horizontal in outsourcing terminology.
\nAnswer:
\nThe hired party service providers are the persons\/firms which specialize in some processes such as Human Resource Management (HRM) and provide their services to a wide base of clients, cutting across industries. Such service providers are called \u2018horizontals\u2019 in the outsourcing terminology.<\/p>\n
\nState any two features of outsourcing.
\nAnswer:
\nTwo features of outsourcing are:
\n(a) Generally non-core business activities are outsourced.
\n(b) Outsourcing involves contracting out.<\/p>\n
\nState any two treats of outsourcing.
\nAnswer:
\n(a) Confidentiality.
\n(b) Sweat-shopping.<\/p>\n
\nState any two directions in which firm electronic transactions are extended.
\nAnswer:
\n(a) B2B is a firm’s interactions with other businesses.
\n(b) B2C, i.e. a firm\u2019s interactions with its customers.<\/p>\n<\/p>\n
\nState any two needs of outsourcing.
\nAnswer:
\nTwo important needs of outsourcing are:
\n(a) Focusing of attention.
\n(b) Quest for excellence<\/p>\n
\nBring out any four distinctions between traditional business and e-business.
\nAnswer:
\n![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/1st-PUC-Business-Studies-Question-Bank-Chapter-5-Emerging-Modes-of-Business.2.png\")
\n<\/p>\n
\nExplain the steps involved in online transactions.
\nAnswer:
\nThe following steps are involved in online trading:
\n(a) Registration: Before online shopping, one has to register with the online vendor by filling- up a registration form. Registration means that you have an \u2018account\u2019 with the online vendor. Among various details that need to be filled in is a \u2018password\u2019 as the sections relating to your \u2018account\u2019.<\/p>\n\n
<\/p>\n
\nBriefly explain the scope of e-business.
\nAnswer:
\nThe scope of e-business:
\n(a) B2B (Business-To-Business): B2B is a Business-To-Business Model in which transactions is done between businesses, such as between a manufacturer and a wholesaler, or between a wholesaler and a retailer.
\n(b) B2C (Business-To-Customer): B2C is Business-To-Customer in which Business trans\u00acactions conducted directly between a company and consumers who are the end-users of its products or services.
\n(c) C2C (Customer-To-Customer): Consumer-To-Consumer is a business model that facil\u00acitates the transaction of products or services between customers.
\n(d) Intra-B Commerce: If parties involved in the electronic transactions are from within a business firm, then it is known as intra-B commerce.<\/p>\n
\nExplain any four benefits of e-business.
\nAnswer:
\nThe benefits or importance are:
\n(a) Ease formation and lower investment requirements: It is relatively easy to start because legal formalities and capital are less when compared to traditional business.<\/p>\n
\nExplain any four limitations of e-business.
\nAnswer:
\nThe limitation of e-business is:
\n(a) Inability to Experience the Product before Purchase: There are many products that consumers want to touch, feel, hear, taste and smell before they buy. E-commerce takes away that luxury.<\/p>\n<\/p>\n
\nExplain the ways of payment in online transactions.
\nAnswer:
\nThe different ways of online payment are:
\n(a) Cash-on-Delivery: As is clear from the name, payment for the goods ordered online may be made in cash at the time of physical delivery of goods.<\/p>\n<\/p>\n
\nExplain briefly any four reasons to justify the need for Outsourcing.
\nAnswer:
\nGlobal competitive pressures for higher quality products at lower costs, ever-demanding customers, and emerging technologies are responsible for the continuing emergence of outsourcing as a mode of business.<\/p>\n
\n(a) Focused attention: Business firms are realizing that focusing their limited resources on a few areas where they have core competence, and contracting out the rest of the activities to their outsourcing partners can lead to better efficiency and effectiveness.<\/p>\n
\n(a) Confidentiality: Outsourcing depends on sharing a lot of vital information and knowledge. If the outsourcing partner does not preserve the confidentiality and passes it on to competitors, it can harm the interest of the party that outsources its processes.<\/p>\n<\/p>\n
\nExplain the concern over outsourcing.
\nAnswer:
\n(a) Confidentiality: Outsourcing depends on sharing a lot of vital information and knowledge. If the outsourcing partner does not preserve the confidentiality.<\/p>\n
\nExplain the concept of outsourcing.
\nAnswer:
\nOutsourcing \u2018is the process by which a company of contracts another company to provide particular services. In other words, it refers to getting the work done through outside expert agencies.<\/p>\n
\nOutsourcing Involves Contracting Out: Many companies have started outsourcing processes to outside expert agencies (i.e. to other organizations) on a contractual basis. The outsources charges fees for performing his services on a contract basis.<\/p>\n
\nExplain the risk involved in outsourcing.
\nAnswer:
\nTransaction risks: Online transactions are vulnerable to the following types of transaction risks:
\n(a) Seller denies that the customer ever placed the order or the customer denies that he ever placed the order. This may be referred to as \u2018default on order taking\/giving.\u2019
\n(b) The intended delivery does not take place, goods are delivered at the wrong address, or goods other than ordered may be delivered. This may be regarded as \u2018default on delivery\u2019.
\n(c) Seller does not get the payment for the goods supplied whereas the customer claims that the payment was made. This may be referred to as \u2018default on payment\u2019.<\/p>\n1st PUC Business Studies Emerging Modes of Business Textbook Questions and Answers<\/h3>\n
\ne-Commerce docs not include:
\n(a) A business\u2019s interactions with its suppliers
\n(b) A business\u2019s interactions with its customers
\n(c) Interactions among the various departments within the business
\n(d) Interactions among the geographically dispersed units of the business.
\nAnswer:
\n(d) Interactions among the geographically dispersed units of the business.<\/p>\n<\/p>\n
\nOutsourcing
\n(a) Restricts only to the contracting out of Information Technology Enabled Services (ITES)
\n(b) Restricts only to the contracting out of non-core business processes
\n(c) Includes contracting out of manufacturing and R&D as well as service processes – both core and non-core – but restricts only to domestic territory
\n(d) Includes off-shoring
\nAnswer:
\n(b) Restricts only to the contracting out of non-core business processes<\/p>\n
\nThe payment mechanism most typical to e-business is
\n(a) Cash on Delivery
\n(b) Cheques
\n(c) Credit and Debit Cards
\n(d) e-Cash
\nAnswer:
\n(d) e-Cash<\/p>\n
\nA Call Centre handles
\n(a) Only in-bound voice-based business
\n(b) Only out-bound voice-based business
\n(c) Both voice-based and non-voice based business
\n(d) Both customer-facing and back-end business
\nAnswer:
\n(c) Both voice-based and non-voice based business<\/p>\n
\nIt is not an application of e-business
\n(a) Online bidding
\n(b) Online procurement
\n(c) Online trading
\n(d) Contract R&D
\nAnswer:
\n(d) Contract R&D<\/p>\n
\nDistinguish between traditional business and e-business.
\nAnswer:
\n![\"1st](\"https:\/\/kseebsolutions.guru\/wp-content\/uploads\/2021\/06\/1st-PUC-Business-Studies-Question-Bank-Chapter-5-Emerging-Modes-of-Business-1.png\")
<\/p>\n
\nHow does outsourcing represent a new model of business?
\nAnswer:
\nIt refers to a long-term contracting out of business activities to captive or third-party specialists with a view to benefiting from their experience, expertise, efficiency, and even investment. Generally, non-core business activities are outsourced. Global competitive pressures for higher quality products at lower costs, demanding customers and emerging technologies have induced a re-look at business processes and hence resulted in outsourcing as a new model of business which is now being reported to not out of compulsion but out of choice.<\/p>\n
\nDescribe briefly any two applications of e-business.
\nAnswer:
\nTwo applications of e-business are:
\n(a) E-Procurement: It involves internet-based sales transactions between business firms, including \u201creverse auctions\u201d that facilitate online trade between a single business purchaser and many sellers, and digital marketplaces that facilitate online trading between multiple buyers and sellers.<\/p>\n<\/p>\n
\nWhat are the ethical concerns involved in outsourcing?
\nAnswer:
\nOutsourcing has raised certain ethical concerns which need to be considered for the following reason:
\n(a) In search of cheap labor, manufacturing processes are being outsourced to developing countries where they use child labor\/women in the factories, and working conditions are unhygienic and even unsafe. The companies cannot do so in their developed home countries due to stringent laws forbidding the use of child labor. This raises the ethical concern of whether this sort of cost-cutting by using child labor justified.<\/p>\n
\nDescribe briefly the data storage and transmission risks in e-business.
\nAnswer:
\nThere are a number of risks to which data is exposed while it is stored or is en-route in a – transaction. Vital information may be stolen or modified to pursue individual gains. There can be attacks of VIRUS and hacking. Virus means Vital Information Under Siege. It is a program that replicates itself on other computer systems. Anti-virus programs need to be installed and updated on the system and files and disks should be scanned with them to provide protection from virus attacks.<\/p>\n
\nWhy are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.
\nAnswer:
\nE-business and outsourcing are referred to as \u2018emerging modes of business\u2019 as these have brought – about new changes in the way or manner in which business is conducted and it is believed that these trends are likely to continue.<\/p>\n
\nElaborate on the steps involved in online trading.
\nAnswer:
\nThe following steps are involved in online trading:
\n(a) Registration: Before online shopping, one has to register with the online vendor by filling- up a registration form. Registration means that you have an \u2018account\u2019 with the online vendor. Among various details that need to be filled in is a \u2018password\u2019 as the sections relating to your \u2018account\u2019.<\/p>\n\n
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\nEvaluate the need for outsourcing and discuss its limitations.
\nAnswer:
\nGlobal competitive pressures for higher quality products at lower costs, ever-demanding customers, and emerging technologies are responsible for the continuing emergence of outsourcing as a mode of business.<\/p>\n
\n(a) Focused attention: Business firms are realizing that focusing their limited resources on a few areas where they have core competence, and contracting out the rest of the activities to their outsourcing partners can lead to better efficiency and effectiveness.<\/p>\n
\n(a) Confidentiality: Outsourcing depends on sharing a lot of vital information and knowledge. If the outsourcing partner does not preserve the confidentiality and passes it on to competitors, it can harm the interest of the party that outsources its processes.<\/p>\n
\nDiscuss the salient aspects of B2C commerce.
\nAnswer:
\nB2C business model sells its product directly to a customer. A customer can view products shown on the website of a business organization. The customer can choose a product and order the same. The website will send a notification to the business organization via email and the organization will dispatch the product\/goods to the customer.
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1st PUC Business Studies Question Bank with Answers<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"