Emerging Modes Of Business - 1 - Free MCQ Practice Test with solutions,

• e-business refers to the use of electronic means and digital technologies to carry out a range of business activities and processes, such as online buying and selling, customer service, inventory and order processing and electronic communication with suppliers and partners.
• e-commerce is a part (a subset) of e-business and specifically denotes the online buying and selling of goods and services.
• Hence the option that describes the broader use of electronic technologies for multiple business processes is correct, while the option stating only electronic buying and selling refers specifically to e-commerce.

E-business differs from traditional business in terms of physical presence, nature of customer interaction, and operating costs, with e-business generally having lower operating costs and not requiring physical presence.

In e-business, security concerns include data theft and hacking, which can compromise sensitive information exchanged online.

One of the key benefits of e-commerce for businesses is the expansion of their marketplace to national and international levels.

SSL stands for Secure Sockets Layer, a technology used for securing online transactions and communications.

E-procurement refers to the electronic purchasing process where businesses buy goods and services through the internet.

C2C (Consumer to Consumer) e-commerce involves transactions where consumers sell products or services to other consumers online.

Digitization in e-business involves converting text, sound, images, and other content into digital format for electronic transmission.

While information exchange in e-business is fast, the physical delivery of products can still be time-consuming.

B2C stands for Business-to-Customer, referring to transactions where businesses sell products or services directly to consumers online.