Class 11 Business Studies Important Chapter 5 Emerging Modes of Business

Class 11 Business Studies Important Chapter 5 Emerging Modes of Business Solutions English Medium As Per AHSEC New Syllabus to each chapter is provided in the list so that you can easily browse through different chapters ASSEB Class 11 Business Studies Important Solutions and select need one. AHSEC Class 11 Business Studies Additional Notes English Medium Download PDF. HS 1st Year Business Studies Important Solutions in English.

Class 11 Business Studies Important Chapter 5 Emerging Modes of Business

Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. ASSEB Class 11 Business Studies Additional Question Answer are part of All Subject Solutions. Here we have given HS 1st Year Business Studies Important Notes in English for All Chapters, You can practice these here.

Emerging Modes of Business

Chapter: 5

Part – I: Foundations of Business

IMPORTANT QUESTION AND ANSWER

Short Type Questions and Answer:

1. What is meant by e-business?

Ans: E-business refers to conducting business activities like production, buying, selling, marketing, and management using computer networks, mainly the internet.

2. Define e-commerce.

Ans: E-commerce is a part of e-business that specifically deals with online buying and selling of goods and services.

3. Mention any two B2B e-business examples.

Ans: (i) Automobile companies ordering spare parts from suppliers.

(ii) A firm ordering raw materials from vendors through the internet.

4. Write any two limitations of e-business.

Ans: (i) Lack of personal touch.

(ii) Risks of data leakage and transaction frauds.

5. Explain digital cash.

Ans: Digital cash is a form of electronic currency used for online transactions. It exists only in cyberspace without physical form.

6. State two benefits of e-business to customers.

Ans: (i) 24/7 shopping convenience.

(ii) Availability of global products.

7. What do you mean by B2C commerce?

Ans: B2C commerce refers to electronic transactions between businesses and individual customers through online platforms.

8. State two examples of C2C commerce.

Ans: (i) Selling used books through online platforms like eBay.

(ii) Bartering personal items through consumer forums.

9. What is intra-B commerce?

Ans: Intra-B commerce involves electronic transactions and communication within different departments of the same business.

10. What is meant by outsourcing?

Ans: Outsourcing refers to hiring external agencies to handle certain business processes, reducing costs and focusing on core activities.

11. Name two online payment methods other than digital cash.

Ans: (i) Credit/Debit Cards.

(ii) Net banking transfer.

12. Define Secure Socket Layer (SSL).

Ans: SSL is an encryption technology that secures online transactions by protecting sensitive data like credit card details.

13. What is meant by data transmission risk?

Ans: It is the risk of interception, theft, or alteration of data while it is being transmitted over the internet.

14. Mention one ethical issue of e-business.

Ans: Monitoring employees’ emails and computer usage raises privacy concerns and ethical issues.

15. State the importance of Information Technology Act 2000.

Ans: It provides legal recognition to electronic records, digital signatures, and paperless transactions in India.