Trade
ICSE · Class 9 · Commercial Studies
Quick revision notes for Trade — ICSE Class 9 Commercial Studies. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
1. E-Commerce and E-Trade
- E-commerce means carrying out business transactions through Internet.
- E-commerce is a wider concept than e-trade.
- E-commerce includes any form of exchanging information through electronic means.
2. Merits of Online Trading
- Global Market means a business can reach customers all over the world who have Internet access.
- Round the Clock Working means a website is open 24 hours a day.
- A website can take orders, monitor delivery, and receive payments at any time.
3. Demerits of Online Trading
- High Risk is a major problem for internet start-up organisations.
- Several high paid executives who resigned to set up internet start-ups lost huge amounts of money.
- The dot.com bubble burst because of a lack of good revenue model, poor customer service, and other problems.
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