E-Business — Syllabus
ICSE · Class 12 · Business Studies
What E-Business covers in ICSE Class 12 Business Studies: 4 topics, for the 2026-27 session. Part of the ICSE Class 12 Business Studies syllabus.
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Topics in E-Business
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.
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.
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.
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.
Key Concepts
Central concept: E-Business
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