of e Business – Ans.Benefits 1. Easy to form Very easy to start e – business because host of procedures required for traditional business are not required for e – Business 2. Requires Less Investment Both big and small business gets the benefits of internet equally. Thus even one start of small business with less investment can derive the benefit of e – Business. 3. Convenience Internet offers the convenience of 24 hours X 7 days a week with a less investment – i.e. one can access anything, anywhere, any time. 4. Speed Any business transaction can be made simply at the click of the mouse button, for e.g. Electronic Funds Transfer takes place at the speed of light 5. Global reach/access In e – Business both businessmen and consumers have no national boundaries because internet is without such boundaries. In absence of such internet, globalization may be restricted in scope and speed. 6. Movement towards paperless society Cutting thousands and thousands of trees to make paper adversely affects the environment but internet has considerably reduced the dependence on paper. Q2. Explain the limitation of e-business? Ans.Limitations of e Business – Low Personal Touch 1. Interpersonal touch between businessmen and the consumer is very important. e – Business may be high tech but the lacking interpersonal interaction is truly one of its shortcomings. Delayed Delivery 2. Sometimes order may be placed at once through internet but delivery may be delayed, which may disturb the customers. Need for technological capability and competence of parties 3. If any one party – either buyer or seller is not familiar with digital technology, e –Business becomes difficult. Risk of Non-Traceability of parties 4. Cyber personalities participate in e – Business, when any one is in remote area – Traceability may be one the biggest problem. People’s Resistance 5. In general, people resist changes and halt will be more if any organization prefers to go fully online. Ethical Fallout 6. In e – Business, unless until you have high degree of protection, any one can keep an electronic eye on your transaction, even intrude into your privacy – which is ethically incorrect. Q3. Elaborate the steps involved in online trading ? Transactions ANSOnline Involves three stages:- 1. Pre-Purchase/ Sale Stage – Including advertising and information seeking. 2. Purchase / Sale Stage – Comprising of price negotiation, closing deal & payment.
Ans.Benefits of e – Business 1. Easy to form Very easy to start e – business because host of procedures required for traditional business are not required for e – Business 2. Requires Less Investment Both big and small business gets the benefits of internet equally. Thus even one start of small business with less investment can derive the benefit of e – Business. 3. Convenience Internet offers the convenience of 24 hours X 7 days a week with a less investment – i.e. one can access anything, anywhere, any time. 4. Speed Any business transaction can be made simply at the click of the mouse button, for e.g. Electronic Funds Transfer takes place at the speed of light 5. Global reach/access In e – Business both businessmen and consumers have no national boundaries because internet is without such boundaries. In absence of such internet, globalization may be restricted in scope and speed. 6. Movement towards paperless society Cutting thousands and thousands of trees to make paper adversely affects the environment but internet has considerably reduced the dependence on paper. Q2. Explain the limitation of e-business? Ans.Limitations of e – Business 1. Low Personal Touch Interpersonal touch between businessmen and the consumer is very important. e – Business may be high tech but the lacking interpersonal interaction is truly one of its shortcomings. 2. Delayed Delivery Sometimes order may be placed at once through internet but delivery may be delayed, which may disturb the customers. 3. Need for technological capability and competence of parties If any one party – either buyer or seller is not familiar with digital technology, e –Business becomes difficult. 4. Risk of Non-Traceability of parties Cyber personalities participate in e – Business, when any one is in remote area – Traceability may be one the biggest problem. 5. People’s Resistance In general, people resist changes and halt will be more if any organization prefers to go fully online. 6. Ethical Fallout In e – Business, unless until you have high degree of protection, any one can keep an electronic eye on your transaction, even intrude into your privacy – which is ethically incorrect. Q3. Elaborate the steps involved in online trading ? ANSOnline Transactions Involves three stages:- 1. Pre-Purchase/ Sale Stage – Including advertising and information seeking. 2. Purchase / Sale Stage – Comprising of price negotiation, closing deal & payment.
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