Tag: emerging service business in india

Questions Related to emerging service business in india

Which of the following inventions is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals"?

organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

  1. Solar power

  2. Internet

  3. Personal computer

  4. Smartphone

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Correct Option: B
Explanation:

Internet is responsible for the phrase "networked individuals and firms are more efficient than networthed individuals" as internet usage depends on the network availability in a given area rather than money availability with person. Internet requires a good speed of network in an area given.

Internet allows a seller access to markets all across the world.

organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

  1. True

  2. False

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Correct Option: A
Explanation:

A seller can reach to a large number of people with the help of Internet. Seller can communicate with the customers worldwide as internet is used by million of people and internet has no boundaries i.e. without any restrictions. For example: Amazon is used in many nations.

Which of the following companies is an example of an e-business?

organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

  1. Amazon

  2. Flipkart

  3. ebay

  4. All of the above

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Correct Option: D
Explanation:

Amazon, Flipkart, E bay, Ajio etc., all comes under e business as they all operates only with the help of internet. Transactions are carried out using internet between buyers and sellers. E- business has no geographical boundaries. Transactions can be carried out between sellers and customers of different nations.

Which of the following is a limitation of e-business?

organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

  1. No personal touch

  2. Incongruence between order taking/giving and order fulfillment speed

  3. Increased risk due to anonymity and non-traceability of parties

  4. All of the above

Show answer
Correct Option: D
Explanation:

The disadvantages of e business includes the lack of interpersonal relations between customers and business enterprise as they don't know about the physical existence of each other and it is not suitable where customer requires personalized services. Security is a main concern in pursuing e-commerce activities.

B2B, B2C, C2B are the types of _________.

organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

  1. Network marketing

  2. E-commerce

  3. M-commerce

  4. Marketing

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Correct Option: B
Explanation:

Electronic commerce refers to pursuing commerce activities i.e. buying and selling of goods over an electronic network typically,  internet. These business transactions occur either as business to business transactions, business to consumer transactions, consumer to consumer transactions and customer to business services.

E-commerce includes buying and selling of
P. Goods - e.g. digital cameras, music systems, clothes, accessories
Q. Information - e.g. subscription to some law site may give access to some court cases
R. Services - e.g. matrimonial services through shaadi.com, placement services through naukri.com.
Select the correct answer from the options given below:

organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

  1. P - No

    Q - No

    R - No

  2. P - Yes

    Q - No

    R - Yes

  3. P - Yes

    Q - Yes

    R - No

  4. P - Yes

    Q - Yes

    R - Yes

Show answer
Correct Option: D
Explanation:

E-Commerce in India, is the rapidly growing business platform as it includes buying and selling of goods, services and information. Goods and services that includes cameras, clothes, subscription to some law sites, placement services can be purchased and sold through internet. There is nothing in the market that cannot be purchased online.

Disadvantages of e-commerce are ______________________.

organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

  1. Lack of warmth of interpersonal interactions between the seller and the buyer.

  2. Not suitable where the customer requires personalized service.

  3. Security continues to be a problem for online business.

  4. All of above

Show answer
Correct Option: D
Explanation:

The disadvantages of e-commerce business includes the lack of interpersonal relations between customers and business enterprise as they don't know about the physical existence of each other and it is not suitable where customer requires personalized services. Security is a main concern in pursuing e-commerce activities.

__________ refers to all forms of business transactions which are carried out through electronic processing and transmission of data including text, sound and visual images.

organization of commerce and management emerging trends in business definition, scope and benefits of e-business emerging service business in india emerging modes of services

  1. M-commerce

  2. E-commerce

  3. B-commerce

  4. D-commerce

Show answer
Correct Option: B
Explanation:

E-commerce stands for electronic commerce where the information or trade between two parties are done through electronic transmission of data that includes text, sound and visual images. It makes use of various electronic platforms such as intranets, extranets and  the internet to conduct a company's business.