Trade — Chapter Summary
ICSE · Class 9 · Commercial Studies
Summary of Trade for ICSE Class 9 Commercial Studies. Key concepts: Electronic commerce means, Electronic trade means buying and A business.
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Overview
Trade through electronic means has become an important part of modern business. Electronic commerce is the wider idea of carrying out business transactions through the Internet, while electronic trade is the narrower idea of buying and selling goods and services online. Online trading connects busin
Key Concepts
Electronic commerce means carrying out business
Electronic commerce means carrying out business transactions through the Internet. It is a wide concept and includes any form of exchanging informatio
Electronic trade means buying and selling
Electronic trade means buying and selling goods and services online. It includes online shopping, online booking, and similar activities.
A business
A business-to-business transaction happens when one business buys from another business, such as Tata Motors buying tyres from MRF.
A business
A business-to-customer transaction happens when a business sells directly to customers, such as buying goods online from Amazon.
A business
A business-to-government transaction happens when a business firm deals with the government, such as depositing taxes online.
Learning Objectives
- Define e-commerce and e-trade
- Understand the difference between e-commerce and e-trade
- Explain the merits of online trading
- Explain the demerits of online trading
- Recognize common examples of online business transactions
Frequently Asked Questions
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Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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