Modern Modes of Business — Flashcards

Answer

e-Business refers to conducting all business activities electronically using computers and the Internet. It includes not only buying and selling (e-commerce) but also internal operations like producti…

Answer

e-Commerce means buying and selling goods and services over the Internet. It includes support services like online banking, insurance, and delivery. Unlike traditional shopping, e-commerce does not re…

Answer

e-Business is a broader term that includes all electronic business processes — both external (like selling to customers) and internal (like payroll or inventory management). e-Commerce only refers to …

Answer

B2B stands for Business-to-Business. It refers to transactions between two businesses, such as a manufacturer selling goods to a wholesaler or a retailer. Example: A textile company supplying fabric t…

Answer

B2C means Business-to-Consumer. It involves businesses selling directly to individual customers online. Example: A customer ordering groceries from BigBasket.com is a B2C transaction.

Answer

C2C stands for Consumer-to-Consumer. It involves individuals selling goods to other individuals through online platforms. Example: Selling used electronics on OLX.com is a C2C transaction.

Answer

C2B means Consumer-to-Business. Here, individuals offer their products or services online for businesses to buy. Example: A freelance graphic designer uploading a logo design on Fiverr.com for compani…

Answer

Intra-B Commerce refers to electronic transactions and communication within different departments of the same company. For example, the marketing team sharing customer feedback with the production dep…