Emerging Modes of Business Test - 21

Mr. Ramesh, who buys and sells shares and securities of various companies online through a platform provided by the Bombay Stock Exchange, is engaged in e-trading. e-Trading refers to the electronic trading of financial instruments such as stocks, bonds, and currencies using electronic platforms or online trading systems. In this scenario, Mr. Ramesh is utilizing the electronic platform provided by the Bombay Stock Exchange to engage in trading activities, making it an example of e-trading.

The term e-delivery refers to the electronic delivery of various services and products, including legal, accounting, medical, consultancy services, computer software, photographs, multimedia services, etc., to the user's computer using Information Technology Enabled Services (ITES). This term encompasses the use of technology to deliver such services efficiently and conveniently to users.

E-businesses typically engage with customers through digital interaction channels such as websites, mobile apps, social media platforms, email, and online chat, whereas traditional businesses may rely more on face-to-face interactions, telephone communication, or printed materials.

When parties involved in the electronic transactions are from within a given business firm, it is called Intra B Commerce.

This term refers to electronic transactions occurring within a single business firm, involving parties within the organization. It distinguishes from B2B (Business-to-Business) commerce, which involves transactions between different businesses, and B2C (Business-to-Consumer) commerce, which involves transactions between a business and individual consumers. Intra B Commerce streamlines internal processes and enhances efficiency within the organization.

Credit card authentication helps to mitigate transactional risk by verifying the identity of the cardholder and ensuring that the transaction is legitimate. This process helps prevent fraudulent transactions and protects both the cardholder and the merchant from financial losses associated with unauthorized transactions.

When a customer lodges a complaint at the company's call center, they are initiating an interaction with the business to address an issue or concern. This interaction falls under the category of C2B Commerce because the customer is providing feedback or information to the business. In Customer-to-Business (C2B) Commerce, customers or consumers interact with businesses, offering products, services, or feedback to the company.

Viruses classified as Level-2 are considered to cause disruption of functioning rather than complete destruction of the system. They might slow down the system, cause errors, or interfere with normal operations, but they typically don't result in irreversible damage or total system failure. 

About 95% of online consumer transactions are executed through credit card. Credit cards are the most commonly used payment method for online consumer transactions, with about 95% of such transactions executed using credit cards. They offer convenience, security, and widespread acceptance across online platforms, making them the preferred choice for many consumers when making purchases online. 

In Business-to-Business (B2B) Commerce, both sellers and buyers are business firms or entities. This type of e-commerce transaction involves the exchange of goods, services, or information between businesses. B2B transactions typically occur between manufacturers, wholesalers, distributors, and retailers, as well as between businesses involved in supply chain operations.

The use of Electronic Data Interchange (EDI) technology to send and receive commercial documents like purchase orders between businesses is an example of B2B (Business-to-Business) interaction. This technology facilitates the exchange of structured data between organizations in a standardized electronic format, streamlining business processes and improving efficiency in transactions between trading partners.