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Emerging Modes of Business
Discuss the benefits and limitations of e-business in detail.

Discuss the benefits and limitations of | Class 11 Business Studies Chapter Emerging Modes of Business, Emerging Modes of Business NCERT Solutions

Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter Emerging Modes of Business. This page offers a step-by-step solution to the specific question from Exercise 3: Extra Questions, Question 7: . With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.

Question 7:

Discuss the benefits and limitations of e-business in detail.

Answer:

Benefits:

Convenience: E-business operates 24/7, allowing customers to shop anytime.
Cost Efficiency: It reduces operational costs by eliminating physical stores and intermediaries.
Global Reach: Businesses can access international markets without physical expansion.
Customization: Online platforms offer tailored recommendations and personalized services.

Limitations:

Technological Barriers: Not all businesses, especially small ones, can afford the required infrastructure.
Security Concerns: Data theft and fraud are prevalent in e-business.
Digital Divide: Customers in rural or underdeveloped areas may lack internet access.
High Competition: The ease of entry in e-business leads to intense competition.

In summary, while e-business offers numerous advantages in terms of accessibility and cost-efficiency, addressing its limitations requires investments in technology and strategic planning.

Other Questions of Chapter Emerging Modes of Business

What is e-business?

Describe briefly any two applications of e-business.

Explain the impact of e-business on traditional business practices.

What are the major differences between traditional business and e-business?

Explain the scope of e-business.

Describe briefly the data storage and transmission risks in e-business.

What are the ethical concerns involved in outsourcing?

How does outsourcing represent a new mode of business?

State any three differences between e-business and traditional business.

Why are e-business and outsourcing referred to as the emerging modes of business? Discuss the factors responsible for the growing importance of these trends.

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Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

Read the question carefully and focus on the core concept being asked.
Reference examples and data from the chapter when answering questions about Emerging Modes of Business.
Review previous year question papers to get an idea of how such questions may be framed in exams.
Practice answering questions within the time limit to improve your speed and accuracy.
Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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