Emerging Modes of Business

Topics in this chapter

• E-Business Concepts and Scope
• E-Commerce Models and Applications
• Digital Payments and E-Banking
• E-Business Benefits, Risks, and Security
• Traditional and Digital Business
• Outsourcing, BPO, and KPO

Cheat sheet

Practice questions

1. Question 1Q-D9ABAF

   Which of the following best defines B2B Commerce?

   1. A.Transactions between a business and ultimate consumers.
   2. B.Transactions originating from the ultimate consumer and targeting businesses.
   3. C.Transactions where both parties involved are business firms.
   4. D.Transactions between two departments within the same government office.
   See the answer and solution
2. Question 2Q-328B9A

   Which of the following is considered a primary limitation or risk of e-business?

   1. A.High personal touch and physical inspection of goods.
   2. B.Complete elimination of transactional delays.
   3. C.Ethical concerns regarding data privacy and security risks.
   4. D.Rigid 9-to-5 operating hours for online storefronts.
   See the answer and solution
3. Question 3Q-3C3178

   A customer selling used furniture to another individual via an online classifieds platform like OLX is an example of which type of e-commerce?

   1. A.B2B Commerce
   2. B.B2C Commerce
   3. C.C2C Commerce
   4. D.Intra-B Commerce
   See the answer and solution
4. Question 4Q-2FDEA7

   Which payment mechanism is most commonly associated with online shopping where cash is paid at the time of physical delivery of the product?

   1. A.Digital Wallet
   2. B.Cash on Delivery (CoD)
   3. C.Smart Card
   4. D.Credit Card
   See the answer and solution
5. Question 5Q-2DD1C1

   Why is 'Business Process Outsourcing' (BPO) considered advantageous for modern enterprises?

   1. A.It ensures that the company handles every single operational task internally.
   2. B.It eliminates the need for any digital infrastructure or internet connectivity.
   3. C.It allows firms to focus attention on core competencies while reducing overall operating costs.
   4. D.It legally prevents any foreign competition from entering the domestic market.
   See the answer and solution