Class 11 Business Studies Emerging Modes of Business – Get here the Notes for Class 11 Business Studies Emerging Modes of Business. Candidates who are ambitious to qualify the Class 11 with good score can check this article for Notes. This is possible only when you have the best CBSE Class 11 Business Studies study material and a smart preparation plan. To assist you with that, we are here with notes. Hope these notes will help you understand the important topics and remember the key points for exam point of view. Below we provided the Notes of Class 11 Business Studies for topic Emerging Modes of Business.
- Class: 11th
- Subject: Business Studies
- Topic: Emerging Modes of Business
- Resource: Notes
CBSE Notes Class 11 Business Studies Emerging Modes of Business
Candidates who are pursuing in Class 11 are advised to revise the notes from this post. With the help of Notes, candidates can plan their Strategy for particular weaker section of the subject and study hard. So, go ahead and check the Important Notes for CBSE Class 11 Business Studies Emerging Modes of Business from this article.
1. e-business
e-business refers to “Carrying on business activities through internet.”
2. Scope of e-business
(i) B2B Commerce
Transaction taking place between business units are known as B2B transaction.
These transactions may involve
(a) Creation of utility
(b) Collaborations
(c) Commercial negotiations
(d) Inviting tenders
(ii) B2C Commerce
The transaction taking place between business units and customers are known as B2C transaction.
B2C transaction may involve
(a) Selling and distribution
(b) After sale service
(c) Promotion and other marketing activities
(iii) C2C Commerce
The transaction taking place between customer and customers are known as C2C transaction
C2C transactions may involve
(a) Selling used books, clothes etc
(b) Selling antique items
(c) Information about the quality and durability of products etc
(iv) Intra b-commerce
This refers to transactions between the parties or persons who are the part of one firm only.
Intra b-commerce transactions may involve
(a) Interaction between any two departments of one firm
(b) Placing orders and giving instructions of suppliers
(c) Recruitment selection and training of employees.
3. Merits
(i) Easy to form and lower investment is required
(ii) Convenience
(iii) Speed
(iv) Global reach
(v) Cost saving
(vi) Movement towards a paperless society
4. Limitations
(1) Low personal touch
(ii) Delay in delivery
(iii) Requirement of hardware
(iv) Risk
(v) Low ethics
Most of the limitations discussed can be over come with due care and diligence. Some of the way to over come problems are taken up
(i) Websites are becoming more and more interactive
(ii) The speed and the quality of communication is improving
(iii) India has undertaken 150 such projects to diffuse e-commerce in all nooks and corners
5. On Line Transactions
e-business refers to shopping through internet or on-line.
On-line opens up the whole world as one shop.
There are three phases of doing business in e-business or on-line.
(i) Registration Before on-line shopping one has to register with the on-line vendor by filling up a registration form.
(ii) Placing an Order In on-line transactions the order can be placed by picking and dropping the items in the shopping cart.
(iii) Payment Mechanism In an on-line purchase payment is made through
(a) Cash on delivery
(b) Through cheque
(c) Net banking transfer
(d) Credit or debit card
(e) Digital cash
6. Security security Problems Related to e-commerce
The main security problem of e-commerce are
(i) Transactional risk
(ii) Data storage risk
(iii) Risk of thread to intellectual property and privacy
7. Resources Required for Successful e-business Implementation of e-business
(i) Computer hardware
(ii) Technically qualified staff
(iii) Computerised system of receiving payment
(iv) Well designed website
(iv) Telecommunication facilities
8. Outsourcing Concept BOP refers to getting a business task accomplished through an outside agency.
(i) Advantages
(a) Concentration on core competence
(b) Reduction in cost
(c) Help to avoid labour problem
(d) Benefits of latest development
(ii) Limitations
(a) Confidentiality
(b) Sweat shopping
(c) Protest in home country
(d) Ethical concerns
(iii) Types of Outsourced Services
(a) Financial Services Big companies often need services of specialists for managing finance. e.g., estimating the finance required, how and when to issue shares, debentures.
(b) Advertising Services For a long time the firms are depending upon outsourcing services. The business firms hand over the task of designing and carrying on advertisement campaign to outsourcing firm.
(c) Courier Services Courier services refers to postal services provided by the private firms for carrying mails, parcels etc. The common problem of government postal services was delay. The private outsources offer speedy movement of parcels and samples so business firm relay on them.
(d) Customer Support Services All durable goods require after sale or customer support service to register and attend the complaints of the customers. So firms prefer to outsource these services to outside agencies which are specialised in these tasks.
Class 11 Key Points, Important Questions & Practice Papers
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Class 11 NCERT Solutions
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Class 11 Mock Test / Practice
Mock test are the practice test or you can say the blue print of the main exam. Before appearing in the main examination, candidates must try mock test as it helps the students learn from their mistakes. With the help of Class 11 Mock Test / Practice, candidates can also get an idea about the pattern and marking scheme of that examination. For the sake of the candidates we are providing Class 11 Mock Test / Practice links below.
Class 11 Exemplar Questions
Exemplar Questions Class 11 is a very important resource for students preparing for the Examination. Here we have provided Exemplar Problems Solutions along with NCERT Exemplar Problems Class 11. Question from very important topics is covered by Exemplar Questions for Class 11.
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