Emerging Modes of Business Test - 23

Debit and credit cards are commonly referred to as plastic money. This term originates from the fact that these cards are made of plastic material and are used as a medium of exchange for transactions, similar to physical currency. Plastic money is a widely recognized term used to describe the convenience and flexibility offered by debit and credit cards in conducting various financial transactions.

If compared to e-business, transaction risks in a traditional business are lower. Transaction risks in e-business are lower compared to traditional brick-and-mortar businesses due to factors such as reduced reliance on physical cash, enhanced security measures, digital record-keeping, and global reach. While e-businesses still face risks like cybersecurity threats, they are generally mitigated more effectively in the digital realm, resulting in lower overall transaction risks.

When a firm transacts with its employees, it is referred to as Business-to-Employee (B2E) Commerce. This involves the use of electronic platforms or systems to facilitate transactions, communication, and interactions between the organization and its employees. B2E commerce includes various activities such as online employee self-service portals for benefits enrollment, payroll management, training programs, internal communication platforms, and more.

Formation of consumer forums and pressure groups, such as Yahoo groups, where consumers come together to discuss and advocate for their rights and interests, is an example of C2C interaction. In these forums, consumers share experiences, provide feedback, and collectively address issues related to products, services, or companies.

Data breaches pose a significant risk to e-business transactions, involving unauthorized access to sensitive information such as customer data, financial records, or intellectual property. These breaches can result in financial losses, damage to reputation, and legal consequences for businesses.

E-businesses often benefit from lower overhead costs compared to traditional businesses due to reduced expenses related to physical infrastructure, such as rent, utilities, and maintenance, as well as streamlined operations facilitated by digital technologies. Lower overhead costs in e-businesses contribute to improved profitability, agility, and competitiveness, enabling them to allocate resources more efficiently and invest in growth opportunities. This key advantage underscores the transformative impact of digital technologies on modern business operations.

The correct answer is 24/7 Access. E-businesses offer customers the convenience of 24/7 access to products or services through online platforms, allowing them to shop and transact at any time from anywhere with an internet connection, unlike traditional businesses with limited operating hours.

The term e-Cash, or electronic cash, is the payment mechanism typical to e-business transactions. It refers to digital currency that enables secure and convenient online transactions. While Credit and Debit Cards are also commonly used in e-business, E-Cash specifically caters to electronic transactions and is a hallmark of e-commerce operations.

The services provided by M/s Systema Shyam, which involve the preparation and publication of online advertisements through banners and popups, are an example of e-promotion. e-Promotion refers to the use of electronic means, such as the internet and digital platforms, to promote products, services, or brands. It encompasses various online marketing activities aimed at reaching and engaging target audiences, including online advertising, social media marketing, email marketing, search engine optimization (SEO), and more.

E-businesses face cybersecurity risks such as data breaches, hacking, phishing, and other cyber threats due to their reliance on digital technologies and online platforms, posing challenges for protecting sensitive information and maintaining trust with customers.