E-Business
ICSE · Class 12 · Business Studies
Summary of E-Business for ICSE Class 12 Business Studies. Key concepts, important points, and chapter overview.
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Overview
E-business means doing business through the Internet. It is a comprehensive electronic system of trading that uses computer networks for buying and selling goods and services. It is broader than e-commerce because it also includes product development, production, inventory management, accounting, fi
Key Concepts
E
E-business means consumer and business transactions conducted over a network using computers and telecommunications. In simple terms, it is doing busi
E
E-commerce covers only a firm's interactions with customers and suppliers over the internet. E-business is wider and also includes product development
In e
In e-business, buyer and seller do not meet face-to-face. The buyer searches the seller’s website, selects the product or service, and makes payment w
E
E-business gives access to a global market, works round the clock, allows customised products, reduces costs, offers wide choice, gives customer conve
Business to Consumer is the most
Business to Consumer is the most popular form of e-business. In this type, business firms sell goods and services directly to customers. Examples incl
Learning Objectives
- Explain the meaning of e-business and distinguish it from e-commerce
- Describe the nature of e-business transactions
- Identify the importance and benefits of e-business
- Classify the main online means of conducting business
- Recognise how e-business changes business relationships, processes, and customer service
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