Emerging Modes of Business
Jammu & Kashmir Board · Class 11 · Business Studies
Complete topic list for Emerging Modes of Business in Jammu & Kashmir Board Class 11 Business Studies. Key concepts, sub-topics, and what to focus on for board exams.
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Topics in Emerging Modes of Business
1. Meaning and Nature of E-Business
- Digitisation means converting text, sound, images, video, and other content into a series of ones and zeroes that can be transmitted electronically.
- The three strongest trends shaping business are digitisation, outsourcing, and internationalisation/globalisation.
- E-business is the conduct of industry, trade, and commerce using computer networks.
2. Scope of E-Business
- The scope of e-business is very wide.
- Business functions such as production, finance, marketing, personnel administration, planning, organising, and controlling can be carried out over computer networks.
- The scope of e-business can be seen through the parties involved in transactions.
3. Benefits of E-Business
- E-business is easier to form than traditional business and needs lower investment.
- The phrase 'networked individuals and firms are more efficient than networked individuals' shows the value of networks in business.
- E-business offers convenience because business can continue 24 hours a day, 7 days a week, and 365 days a year.
4. Online Transactions and Payment Mechanisms
- Online transactions have three stages: pre-purchase/sale, purchase/sale, and delivery.
- The pre-purchase stage includes advertising and information-seeking.
- The purchase stage includes price negotiation, closing the deal, and payment.
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Central concept: Emerging Modes of Business
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