Discuss the limitations of electronic mode of doing business. Are these limitations severe enough to restrict its scope? Give reasons for your answer.
Limitations of Electronic Mode of Doing Business (e-commerce) are given below :
(a) Low Personal Touch : It lacks the warmth of E-personal relations. To this extent, it is very least suitable for products needs high postal touch like garments etc.
(b) Incongruence between order taking/ giving and order fulfilment speed : The physical delivery of goods take home. This incongruence may play on the patience level of the customers. At the time, website may take long time to open. This may frustrate the user.
(c) Need for technology capability and competence of parties: Apart from the tradition 3R’s which means Reading, Writing Arithmetic, e-commerce, requires a familiarity of parties with the world of computers which will led to digital divide.
(d) Increased risk due to Anonymity and Non-traceability of Parties : Internet transactions occur between the cyber personalities. As such, it becomes more difficult to establish the identity of the parties. Moreover, one does not know even the location from where the parties are operating. And also there are problems of Hacking and Virus.
(e) People Resistance : The process of adjustment to the new technology causes the stress and insecurity. As a conclusion, people may resist an organisation’s plan of entry into e-Business.
(f) Ethical fallouts : Now a days companies use an electronic eye to keep the track of computer files that you use, your e-mail account, the websites you visit. Despite is limitations, e-commerce is the way. Most of the limitations are in the process of being overcome. Websites are becoming more and more interactive or attractive to overcome the problem of low touch. Communication technology is continually evolving to increase speed and quality of the information. Efforts are being made to overcome digital divide.
Evaluate the need for outsourcing and discuss its limitations.
Describe briefly the data storage and transmission risks in e-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.
What are the ethical concerns involved in outsourcing?
Discuss the salient aspects of B2C commerce.
Describe briefly any two applications of e-business.
How does outsourcing represent a new mode of business?
Elaborate the steps involved in on-line trading.
State any three differences between e-business and traditional business.
Define services and goods.
1. The structure in which there is separation of ownership and management is called
(a) Sole proprietorship (b) Partnership
(c) Company (d) All business organisations
2. The karta in Joint Hindu family business has
(a) Limited liability (b) Unlimited liability
(c) No liability for debts (d) Joint liability
3. In a cooperative society the principle followed is
(a) One share one vote (b) One man one vote
(c) No vote (d) Multiple votes
4. The board of directors of a joint stock company is elected by
(a) General public (b) Government bodies
(c) Shareholders (d) Employees
5. Profits do not have to be shared. This statement refers to
(a) Partnership (b) Joint Hindu family business
(c) Sole proprietorship (d) Company
6. The capital of a company is divided into number of parts each one of which are called
(a) Dividend (b) Profit
(c) Interest (d) Share
7. The Head of the joint Hindu family business is called
(a) Proprietor (b) Director
(c) Karta (d) Manager
8. Provision of residential accommodation to the members at reasonable rates is the objective of
(a) Producer’s cooperative (b) Consumer’s cooperative
(c) Housing cooperative (d) Credit cooperative
9. A partner whose association with the firm is unknown to the general public is called
(a) Active partner (b) Sleeping partner
(c) Nominal partner (d) Secret partner
1. A government company is any company in which the paid up capital held by the government is not less than
(a) 49 per cent (b) 51 per cent
(c) 50 per cent (d) 25 per cent
2. Centralised control in MNC’s implies control exercised by
(a) Branches (b) Subsidiaries
(c) Headquarters (d) Parliament
3. PSE’s are organisations owned by
(a) Joint Hindu family (b) Government
(c) Foreign Companies (d) Private entrepreneurs
4. Reconstruction of sick public sector units is taken up by
(a) MOFA (b) MoU
(c) BIFR (d) NRF
5. Disinvestments of PSE’s implies
(a) Sale of equity shares to (b) Closing down private sector/public operations
(c) Investing in new areas (d) Buying shares PSE’s
6. The equity-based joint venture does not include
(a) Cooperative development (b) Company
(c) Partnership (d) Limited liability partnership
List any five major commercial cities of ancient India?
What is e-banking. What are the advantages of e-banking?
What is Hundi?
Write a note on various telecom services available for enhancing business.
List the major exports and imports in ancient India.
Explain briefly the principles of insurance with suitable examples.
What were the different types of Hundi in use by traders in ancient times?
Elaborate on the different types of cooperative societies and how they address specific needs.
List and briefly explain any two distinguishing features of a Joint Stock Company.
Discuss the features of a Sole Proprietorship and its suitability for specific types of businesses.
Explain warehousing and its functions.
Differentiate between a Private Limited Company and a Public Limited Company.
Discuss the concept, features, advantages, and limitations of a Joint Stock Company.
Analyze the factors influencing the choice of a business organization with examples.
What are the advantages and limitations of a Partnership as a form of business organization?
Compare business with profession and employment.
What is Hundi?