E-Business
ICSE · Class 12 · Business Studies
Flashcards for E-Business — ICSE Class 12 Business Studies. Quick Q&A cards covering key concepts, definitions, and formulas.
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What is e-business in simple terms?
Answer
E-business means doing business through the Internet. It is a broad electronic system in which business activities are carried out using computers, networks, and telecommunications.
Why is e-business called the result of convergence of information technology and communication technology?
Answer
E-business uses both information technology and communication technology together. Information is processed digitally, and communication networks help buyers and sellers exchange data and carry out bu…
What is the difference between e-business and e-commerce?
Answer
E-commerce is a narrower term and covers only a firm's interactions with customers and suppliers over the Internet. E-business is wider and includes e-commerce as well as product development, producti…
What does the term e-business include apart from buying and selling?
Answer
E-business includes servicing customers, collaborating with business partners, strengthening relationships with customers and suppliers, checking competition, developing new product ideas, dealing wit…
State one definition of e-business given by the Department of Treasury, USA.
Answer
E-business means consumer and business transactions conducted over a network using computers and telecommunications.
State the OECD definition of e-business.
Answer
E-business refers to commercial transactions between organisations and individuals, based on the processing or transmission of digitised data, units, text, sound and visual images which are carried ou…
How does the European Union Website define e-business?
Answer
E-business is a general concept covering any form of business transactions or information exchange that is made by using information and communication technology.
What is the definition of e-business given by The International Fiscal Association?
Answer
E-business means commercial transactions in which an order is placed electronically and goods or service are delivered in tangible or electronic form.
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