EMERGING MODES OF BUSINESSBusiness Studies Project

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What is e-Business?

• E-business (electronic business) is the conducting of business on the Internet

• Refers to any kind of sales, services, purchasing or commerce on the Internet.

• A new-tech jargon word used more for marketing than for technical description.

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e-Business Types

CONSUMERS

C2C

BUSINESS

B2B

ADMINISTRATION

C2A

B2C

B2A

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What is B2B Commerce?

• Stands for Business to Business as in businesses doing business with other businesses.

• On the Internet, B2B (business-to-business), is the exchange of products, services, or information between businesses.

• Can even take place between the same firm byexercising a real-time control over it's stock-in- transit

• Examples:

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What is B2C Commerce?• Stands for Business to Customers as in businesses

selling products or services to end-user consumers.

• Not just selling goods online, but advertising, delivery of products, etc. also comes under this.

• B2C allows a business to be in touch with its customers aroundthe clock.

• E-commerce decreases the distance between producers and consumers. Consumers can make their purchase without entering a traditional shop.

• Examples:

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What is C2C Commerce?

• Consumer-to-Consumer commerce

• Here, even a common man, becomes a businessman

• Best for businesses with no estabilished market mechanism,

• A consumer who has used the specific product can let other potentional customers know about the pros and cons of the product.

• Example:

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What is Intra-B Commerce?

• From one given business firm

• They use 'Intranet', not the 'Internet'

• Used for managing interactions and dealings amongst various departments of a firm.

• Virtual Private Network (VPN) enables employees to not come to office and work from home.

Applications of e-Business

Benefits of e-Business

• Easy to form

• Global access

• Easy accessiblity

• Consumer friendly

• Customized Products

• Movement towards paperless society

• Time and effort saving

• Wide range of payment options

Limitations of e-Business

• Lack of personal touch

• Lack of security

• Tenchincal drawbakcs

• Ethical concers

• Requires Technical knowledge

• High Risk

• Shipment delay

• People's resistance

• Ethical fallouts

Despite the limitations, e-commerce is the way

Online Transaction• Step 1: Finding an appropriate and reliable shopping

website and registering on it.

• Step 2: Browsing the products and selecting the desired ones with the place of delivery.

• Step 3: Proceeding to the payment window and choosing a suitable mode of payment.

Step 1 Step 2

Step 3

Modes of Payment

• Cash-on-Delivery

• Cheque

• Net-Banking Transfer

• Credit or Debit Cards

• Digital Cash

Security and Safety of e-Transactions

Outsourcing

• The process of contracting out less important (i.e., non- core) business activities to external agencies that are highly specialised in those business activities.

• In outsourcing, companies contract out certain activities to other firms that specialise in them.

• Generally, non-essential activities that are contracted out.

• Activities may be outsourced to a third party.

Advantages of Outsourcing

• Focusing of attention on core activities

• Quest for excellence

• Cost of operation are reduced

• Helps in generating employment oppurtunities

• Growth through alliance

Disadvantages of Outsourcing

• Confidentiality breach

• Sweat-outsourcing

• Ethical concers

• Resentment in the home countires

Thank you

Presented byGautam Rath, PranayRanjan Mahala,

Naman Mohanty and Amitanshu Nanda