Emerging Modes of Business
Nagaland Board · Class 11 · Business Studies
Complete topic list for Emerging Modes of Business in Nagaland 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
Understanding E-Business and E-Commerce
- E-business refers to conducting industry, trade, and commerce using computer networks, primarily the internet
- E-commerce is a subset of e-business that specifically covers interactions with customers and suppliers over the internet
- E-business includes production, inventory management, product development, accounting, finance, and HR management conducted electronically
Types of E-Commerce Transactions
- B2B (Business-to-Business): Transactions between business firms, including supplier relationships and distribution networks
- B2C (Business-to-Customer): Companies selling directly to consumers, includes online shopping, ATMs, digital marketing
- C2B (Customer-to-Business): Consumers initiating transactions with businesses, like customer feedback systems
Benefits and Limitations of E-Business
- Benefits for Organizations: Global market access, reduced operational costs, competitive advantage, efficient supply chain management, time management
- Benefits for Consumers: Flexibility, competitive pricing, more choices, quick delivery, 24×7 availability
- Benefits for Society: Employment generation, e-governance initiatives, reduced paperwork, environmental benefits
E-Business Applications and Processes
- E-Procurement: Internet-based purchasing and supplier management
- E-Bidding/E-Auction: Online competitive bidding systems
- E-Communication: Email, video conferencing, online marketing
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