Emerging Modes of Business Test - 22

Each of the options listed presents a limitation or challenge associated with e-business:

Ethical fallouts: E-business may raise ethical concerns related to privacy, security, data protection, intellectual property rights, and fair competition.

Risk: Engaging in e-business activities involves various risks, including cyber threats, data breaches, financial losses, legal issues, and reputation damage.

Low personal touch: E-business often lacks the personal touch and face-to-face interaction that traditional brick-and-mortar businesses offer, which can impact customer satisfaction, relationship building, and brand loyalty.

Traditional businesses often require significant upfront investment in physical infrastructure such as storefronts, warehouses, and inventory, whereas e-businesses may have lower initial capital requirements due to the digital nature of their operations.

Cash on Delivery (COD) is a payment method where the buyer makes payment for goods or services at the time of their physical delivery. With this method, the buyer doesn't need to make any upfront payment; instead, they pay in cash directly to the delivery person upon receiving the goods. COD is often preferred by customers who may not have access to online payment methods or prefer to inspect the goods before making payment. It provides convenience and security for buyers and helps to build trust between buyers and sellers in e-commerce transactions. However, it also involves some risks for sellers, such as the potential for fraudulent orders or unsuccessful deliveries, as they have to rely on the buyer's commitment to pay upon delivery.

Selling electronic goods through platforms like Flipkart or eBay.com involves individual consumers selling products to other individual consumers. This type of transaction, where consumers engage in transactions with each other, is known as Consumer-to-Consumer (C2C) activity. These platforms like Flipkart or eBay.com act as intermediaries where individuals (consumers) can list their products for sale, and other individuals can purchase them. 

Contract registration is not typically considered a key segment of business outsourcing. Instead, it involves the process of officially recording or documenting contractual agreements, which is typically managed internally within organizations or through legal departments.

E-commerce does not include interactions among the various departments within a business. This is because inter-department interactions that take place among the departments of a business enterprise are not related to trade. E-commerce primarily involves transactions conducted over electronic networks such as the internet. On the other hand, interactions between a business and its suppliers and customers, and among its geographically dispersed business units, form part of ecommerce.

The term "VIRUS" in the context of data storage and transmission risk emphasizes the critical importance of information and the vulnerability of this information to various risks, including unauthorized access, corruption, and loss. Therefore, "Vital Information Under Siege" highlights the need to protect valuable data from threats such as hacking, malware, data breaches, and other forms of cyber attacks.

B2C (Business-to-Consumer) commerce transactions involve business firms selling products or services directly to individual customers. In this type of transaction, the business is on one end (the seller) and the customers are on the other end (the buyers). This model is commonly seen in online retail stores where businesses offer goods or services to consumers through websites or online platforms.

Business Process Outsourcing (BPO) is a part of the service sector of the economy. BPO involves contracting specific business processes or operations to external service providers, often located in different regions or countries, to leverage specialized expertise, cost savings, and efficiency gains. BPO services can include customer support, technical support, data entry, finance and accounting, human resources, and more. As such, BPO contributes to the overall growth and development of the service sector, which encompasses a wide range of activities that do not produce tangible goods but provide valuable services to businesses and consumers.

Electronic Data Interchange (EDI) is an electronic system used for exchanging business documents between organizations in a structured format. This exchange typically occurs between trading partners, such as suppliers, manufacturers, retailers, and logistics providers. EDI facilitates the seamless transfer of documents, such as purchase orders, invoices, shipping notices, and other business-related information, in a standardized format that can be easily understood and processed by computer systems without human intervention.