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Q1 State any three differences between e-business and traditional business. Ans: Difference between E-business & Traditional business are following:
Basis of Distinguish E-Business Traditional Business
1. Ease of formation Simple Difficult
2. Physical presence Not Required Required
3. Cost of setting up Low as no requirement HighOf Physical facilities
Q2 How does outsourcing represent a new mode of business? Ans: Outsourcing described as the long term contracting out generally the non-core and of late even some of the core activities to captive or to the third party specialists with a view of benefiting from their experience, expertise, efficiency and even investment too. In this, non-core business activities are Outsourced. Sanitation and house-keeping duties are non-core for most organisations. For municipalities and sanitation service providers these activities forms the core of their business activity. In other words, depending upon what business a company is in, there will be some certain activities that are central while others are secondary as the organisations venture to do the experiment with. Outsourcing, they may initially, outsource only the non-core activities. Belau on, as they become comfortable, with managing interdependencies, they may start getting even the core activities which is done by outsiders.
Q3 Describe briefly any two applications of e-business. Ans: Applications of e-Business are as follows:
(a) E-Procurement : It involves the internet based sales transactions between the business firms, including path reverse actions that facilitate online trade between the single business purchaser and numerous sellers and digital market places that facilitate online trading between the multiple buyers and sellers.(b) e-trading : It involves securities trading that is online buying and selling of shares and other financial instruments etc. For e.g. Share khan, which is India’s largest online trading firm.
Q4 What are the ethical concerns involved in outsourcing? Ans: The ethical concerns that who are involved in outsourcing are the society’s ethics and the good policies. This can became very clear with the help of following example- A company in order to cut the costs, outsource manufacturing to a developing or arising country where they use child labour-woman in the factories.
Q5 Describe briefly the data storage and transmission risks in e-business. Ans: Data Storage Risk and Transmission Risk : Data that is stored in the system and the route is exposed to a number of risks. Vital information may be stolen or modified to pursue some certain selfish motives. It can be done through the Virus or by Hacking. Data may also be intercepted in the course of transmission. In order to save the information we can do the use of cryptography.