Emerging Modes of Business — Syllabus
ICSE · Class 11 · Commerce
What Emerging Modes of Business covers in ICSE Class 11 Commerce: 4 topics, for the 2026-27 session. Part of the ICSE Class 11 Commerce syllabus.
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Topics in Emerging Modes of Business
1. Meaning and Concept of E-Business
- E-business means doing business over the Internet.
- E-business does not require physical presence of buyers and sellers unlike traditional business.
- E-business is the result of convergence of information technology and communication technology.
2. Definitions and Legal Meaning
- E-business has been defined by different authorities in terms of electronic communication and internet-based transactions.
- The legal meaning recognises transactions carried out by electronic data interchange and other electronic communication in place of paper-based methods.
- E-commerce is electronic communication among enterprises, customers, suppliers, business partners, government organisations, and financial institutions.
3. Scope of E-Business
- There are four directions of e-business transactions: B2B, B2C, C2C, and Intra B-commerce.
- B2B transactions take place between business units.
- B2C transactions take place between business units and customers.
4. Operational System of E-Business and Online Transactions
- Consumers can get information about products and services from the Internet without moving from place to place.
- Consumers can place orders online after gathering information.
- Some goods and services can be delivered immediately on the computer itself; this is called online distribution.
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Central concept: Emerging Modes of Business
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