Commerce Exam > Commerce Notes > Business Studies (BST) Class 11 > Mind Map: Emerging Modes of Business
Mind Map: Emerging Modes of Business | Business Studies (BST) Class 11 - Commerce PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1 Emerging Modes of Business E-Business Definition: Buying and selling of goods and services over the internet Scope: Global reach, available 24/7, low operational costs Benefits: Convenience, wider choice, cost savings, personalized offerings Limitations: Lack of personal touch, need for technology competence, security concerns Online T ransactions: E-tailing, online marketplaces, electronic payments Resource Requirement: T echnology infrastructure, online marketing strategy, customer support Outsourcing Concept: Contracting business processes to third-party providers Need: Cost savings, focus on core activities, access to specialized skills Scope: Wide-ranging, from customer service to back-office operations T ypes Business Process Outsourcing (BPO): Customer service, HR, accounting Knowledge Process Outsourcing (KPO): Research, analysis, decision making Advantages: Cost efficiency, flexibility, quality improvement Concerns: Data security, loss of control, employee opposition E-Commerce Activities: Online buying and selling, electronic data interchange, automated data collection systems Framework: E-tailers, online marketplaces, peer-to-peer networks Advantages: Ease of transactions, global access, reduced costs Limitations: Security issues, limited sensory information, system and data integrity concerns Modes Business to Business (B2B): T ransactions between businesses Business to Consumer (B2C): T ransactions between businesses and consumers Emerging T rends E-Business: Innovations in digital marketing, customer analytics, cloud computing Outsourcing: Expansion to diverse fields, increased automation, ethical considerations E-Commerce: Mobile commerce, social commerce, electronic wallets, real-time consumer analyticsRead More
|
37 videos|144 docs|38 tests
|
FAQs on Mind Map: Emerging Modes of Business - Business Studies (BST) Class 11 - Commerce
| 1. What are the emerging modes of business commerce? |  |
Ans. Emerging modes of business commerce refer to new and innovative ways in which businesses are conducting their transactions and operations. This can include e-commerce platforms, mobile commerce, social commerce, and other digital channels that enable businesses to connect with customers and sell their products or services online.
| 2. How are emerging modes of business commerce different from traditional commerce? | |
Ans. Emerging modes of business commerce differ from traditional commerce in several ways. Firstly, traditional commerce typically involves physical stores or brick-and-mortar establishments, while emerging modes of commerce take place primarily online. Secondly, emerging modes of business commerce often offer greater convenience and accessibility for customers, as they can shop anytime and anywhere using their mobile devices. Lastly, emerging modes of commerce often involve the use of advanced technologies such as artificial intelligence and data analytics to enhance the customer experience and improve business efficiency.
| 3. What are the advantages of using emerging modes of business commerce? | |
Ans. There are several advantages to using emerging modes of business commerce. Firstly, it allows businesses to reach a wider audience and expand their customer base beyond geographical limitations. Secondly, it provides convenience for customers, as they can shop online and have their purchases delivered to their doorstep. Thirdly, emerging modes of commerce often offer lower costs for businesses, as they eliminate the need for physical stores and reduce overhead expenses. Lastly, these modes of commerce provide opportunities for businesses to collect and analyze customer data, enabling them to personalize their offerings and improve customer satisfaction.
| 4. What challenges do businesses face when adopting emerging modes of business commerce? | |
Ans. Businesses may face several challenges when adopting emerging modes of business commerce. Firstly, there may be a need for significant investment in technology infrastructure and systems to support online operations. Secondly, businesses may face competition from established e-commerce players or other businesses that have already established a strong online presence. Thirdly, businesses need to ensure the security and privacy of customer data, as online transactions are vulnerable to cyber threats. Lastly, businesses may need to adapt their marketing and sales strategies to effectively reach and engage with online customers.
| 5. How can businesses overcome the challenges of adopting emerging modes of business commerce? | |
Ans. To overcome the challenges of adopting emerging modes of business commerce, businesses can take several steps. Firstly, they can partner with technology providers or e-commerce platforms that offer ready-to-use solutions, reducing the need for significant upfront investment. Secondly, businesses can differentiate themselves from competitors by offering unique products or services, providing exceptional customer service, or leveraging their existing brand reputation. Thirdly, businesses can invest in robust cybersecurity measures and comply with relevant data protection regulations to ensure the security of customer data. Lastly, businesses can invest in digital marketing strategies, such as search engine optimization and social media advertising, to effectively reach and engage with online customers.
Related Exams
About this Document
|
Dec 25, 2024 Last updated |
Document Description: Mind Map: Emerging Modes of Business for Commerce 2024 is part of Business Studies (BST) Class 11 preparation.
The notes and questions for Mind Map: Emerging Modes of Business have been prepared according to the Commerce exam syllabus. Information about Mind Map: Emerging Modes of Business covers topics
like and Mind Map: Emerging Modes of Business Example, for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for Mind Map: Emerging Modes of Business.
Introduction of Mind Map: Emerging Modes of Business in English is available as part of our Business Studies (BST) Class 11
for Commerce & Mind Map: Emerging Modes of Business in Hindi for Business Studies (BST) Class 11 course.
Download more important topics related with notes, lectures and mock test series for Commerce
Exam by signing up for free. Commerce: Mind Map: Emerging Modes of Business | Business Studies (BST) Class 11 - Commerce
Description
Full syllabus notes, lecture & questions for Mind Map: Emerging Modes of Business | Business Studies (BST) Class 11 - Commerce - Commerce | Plus excerises question with solution to help you revise complete syllabus for Business Studies (BST) Class 11 | Best notes, free PDF download
Information about Mind Map: Emerging Modes of Business
In this doc you can find the meaning of Mind Map: Emerging Modes of Business defined & explained in the simplest way possible. Besides explaining types of
Mind Map: Emerging Modes of Business theory, EduRev gives you an ample number of questions to practice Mind Map: Emerging Modes of Business tests, examples and also practice Commerce
tests
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
ppt
,Mind Map: Emerging Modes of Business | Business Studies (BST) Class 11 - Commerce
,Objective type Questions
,Viva Questions
,practice quizzes
,Extra Questions
,Free
,Previous Year Questions with Solutions
,past year papers
,Summary
,Mind Map: Emerging Modes of Business | Business Studies (BST) Class 11 - Commerce
,Important questions
,video lectures
,Exam
,Semester Notes
,MCQs
,study material
,mock tests for examination
,Sample Paper
,Mind Map: Emerging Modes of Business | Business Studies (BST) Class 11 - Commerce
,shortcuts and tricks
;
Additional Information about Mind Map: Emerging Modes of Business for Commerce Preparation
Mind Map: Emerging Modes of Business Free PDF Download
The Mind Map: Emerging Modes of Business is an invaluable resource that delves deep into the core of the Commerce exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the Mind Map: Emerging Modes of Business now and kickstart your journey towards success in the Commerce exam.
Importance of Mind Map: Emerging Modes of Business
The importance of Mind Map: Emerging Modes of Business cannot be overstated, especially for Commerce aspirants.
This document holds the key to success in the Commerce exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
Mind Map: Emerging Modes of Business Notes
Mind Map: Emerging Modes of Business Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to Mind Map: Emerging Modes of Business.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, Mind Map: Emerging Modes of Business Notes on EduRev are your ultimate resource for success.
Mind Map: Emerging Modes of Business Commerce Questions
The "Mind Map: Emerging Modes of Business Commerce Questions" guide is a valuable resource for all aspiring students preparing for the
Commerce exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study Mind Map: Emerging Modes of Business on the App
Students of Commerce can study Mind Map: Emerging Modes of Business alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Mind Map: Emerging Modes of Business,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Mind Map: Emerging Modes of Business is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup