Emerging Modes of Business — Chapter Summary
ICSE · Class 11 · Commerce
Summary of Emerging Modes of Business for ICSE Class 11 Commerce. Key concepts: E, E and E. Part of the ICSE Class 11 Commerce syllabus.
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Overview
Emerging modes of business are shaped mainly by the use of internet and communication technology. E-business is the broader concept, covering business activities such as planning, production, marketing, inventory management, accounting, finance, and human resource management. E-commerce is a narrowe
Key Concepts
E
E-business means doing business over the Internet. It covers a wide range of activities beyond buying and selling, including production, inventory man
E
E-commerce is a generic concept covering business transactions executed electronically between parties. It mainly deals with a firm’s interactions wit
E
E-business transactions move in four directions: B2B commerce, B2C commerce, C2C commerce, and intra B-commerce. These cover transactions between busi
Business
Business-to-business transactions take place between business units and may include utilities creation, collaborations, commercial negotiations, tende
Business
Business-to-consumer transactions take place between business units and customers. It includes selling, distribution, after-sale services, promotion,
Learning Objectives
- Understand the meaning and definitions of e-business and e-commerce
- Differentiate between e-business and traditional business
- Explain the scope of e-business through B2B, B2C, C2C, and intra B-commerce
- Describe the steps and payment methods used in online transactions
- Identify the main risks in online business and the methods used for security
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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