Page 1 - Business Studies

CHAPTER 5

EMERGING MODES OF BUSINESS

LEARNING OBJECTIVES

After studying this chapter, you should be able to:

• state the meaning of e-business;

• explain the process of online buying and selling as a part of
e-business;

• distinguish e-business from traditional business;

• state benefits of switching over to electronic mode;

• explain requirements for a firm’s initiation into e-business;

• identify major security concerns of electronic mode of doing
business;

• discuss the need for business process outsourcing; and

• appreciate the scope of business process outsourcing.

2018-19