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Emerging Modes of Business — Revision Notes

CBSE · Class 11 · Business Studies

Emerging Modes of Business revision notes for CBSE Class 11 Business Studies: 4 topics in quick points. Key terms: Digitisation is the conversion, E and E.

100 questions84 flashcards5 concepts

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Key Topics to Revise

1

1. Meaning and Nature of E-Business

  • Digitisation means converting text, sound, images, video, and other content into a series of ones and zeroes that can be transmitted electronically.
  • The three strongest trends shaping business are digitisation, outsourcing, and internationalisation/globalisation.
  • E-business is the conduct of industry, trade, and commerce using computer networks.
2

2. Scope of E-Business

  • The scope of e-business is very wide.
  • Business functions such as production, finance, marketing, personnel administration, planning, organising, and controlling can be carried out over computer networks.
  • The scope of e-business can be seen through the parties involved in transactions.
3

3. Benefits of E-Business

  • E-business is easier to form than traditional business and needs lower investment.
  • The phrase 'networked individuals and firms are more efficient than networked individuals' shows the value of networks in business.
  • E-business offers convenience because business can continue 24 hours a day, 7 days a week, and 365 days a year.
4

4. Online Transactions and Payment Mechanisms

  • Online transactions have three stages: pre-purchase/sale, purchase/sale, and delivery.
  • The pre-purchase stage includes advertising and information-seeking.
  • The purchase stage includes price negotiation, closing the deal, and payment.

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Full Notes

Key Concepts

Digitisation is the conversion of textEEThe scope of eOnline transactions usually pass through three

Frequently Asked Questions

What are the important topics in Emerging Modes of Business for CBSE Class 11 Business Studies?
Key topics in Emerging Modes of Business include Meaning and Nature of E-Business, Scope of E-Business, Benefits of E-Business, Online Transactions and Payment Mechanisms. Study these first, then practise questions on each for Class 11 exams.
How should I revise Emerging Modes of Business for Class 11 exams?
Learn the core ideas first, then work through the 100 practice questions on Emerging Modes of Business. Revise definitions regularly and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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