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E-Business

ICSE · Class 12 · Business Studies

Quick revision notes for E-Business — ICSE Class 12 Business Studies. Key concepts, formulas, and definitions for last-minute revision.

70 questions38 flashcards5 concepts

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Key Topics to Revise

1

Meaning and Concept of E-Business

  • E-business means doing business through the Internet.
  • Any business transaction in which buyers and sellers interact through electronic or telecommunication networks is e-business.
  • E-business is a comprehensive electronic system of trading that uses computer networks for buying and selling goods and services.
2

Definitions of E-Business

  • Department of Treasury, USA defines e-business as consumer and business transactions conducted over a network using computers and telecommunications.
  • OECD defines e-business as commercial transactions between organisations and individuals based on the processing or transmission of digitised data, units, text, sound, and visual images over open netw
  • European Union Website defines e-business as a general concept covering any form of business transactions or information exchange made by using information and communication technology.
3

Nature of E-Business

  • Buyer and seller do not meet face-to-face to enter into a transaction.
  • The buyer searches the seller's website to select the product or service.
  • The buyer gives the payment option while browsing the website.
4

Importance of E-Business

  • E-commerce enables business firms to reach customers all over the world who have Internet access.
  • The whole world becomes a potential market for business enterprises.
  • A website is open all 24 hours.

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Key Concepts

EEIn eEBusiness to Consumer is the most

Frequently Asked Questions

What are the important topics in E-Business for ICSE Class 12 Business Studies?
E-Business covers several key topics that are frequently asked in ICSE Class 12 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in E-Business — ICSE Class 12 Business Studies?
Understand the core concepts first, then work through the 70 practice questions available for this chapter. Revise formulas and 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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