Emerging Modes of Business — Chapter Summary
CBSE · Class 11 · Business Studies
Summary of Emerging Modes of Business for CBSE Class 11 Business Studies. Key concepts: Digitisation is the conversion, E and E.
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Overview
Emerging modes of business refer to the new ways of doing business that have developed through digitisation, outsourcing, and globalisation. The chapter explains how e-business has changed the conduct of industry, trade, and commerce through computer networks. It also shows how online transactions w
Key Concepts
Digitisation is the conversion of text
Digitisation is the conversion of text, sound, images, video, and other content into a series of ones and zeroes that can be transmitted electronicall
E
E-business is the conduct of industry, trade, and commerce using computer networks. It is a broader term than e-commerce because it includes not only
E
E-commerce covers a firm's interactions with its customers and suppliers over the internet. It mainly refers to buying and selling and related commerc
The scope of e
The scope of e-business includes B2B, B2C, Intra-B, C2C, and B2E activities. These cover transactions between businesses, between businesses and custo
Online transactions usually pass through three
Online transactions usually pass through three stages: pre-purchase or sale, purchase or sale, and delivery. Most information exchange happens in the
Learning Objectives
- State the meaning of e-business
- Explain the process of online buying and selling
- Distinguish e-business from traditional business
- State the benefits of switching to electronic mode
- Explain the requirements for starting e-business
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Sources & Official References
- NCERT Official — ncert.nic.in
- CBSE Academic — cbseacademic.nic.in
- CBSE Official — cbse.gov.in
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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