Class 11 Business Studies - Chapter Emerging Modes of Business NCERT Solutions | Describe briefly any two applications of

Welcome to the NCERT Solutions for Class 11th Business Studies - Chapter Emerging Modes of Business. This page offers a step-by-step solution to the specific question from Excercise ".$ex_no." , Question 3: describe briefly any two applications of e busines....
Question 3

Describe briefly any two applications of e-business.

Answer

Applications of e-Business are as follows:
(a) E-Procurement : It involves the internet based sales transactions between the business firms, including path reverse actions that facilitate online trade between the single business purchaser and numerous sellers and digital market places that facilitate online trading between the multiple buyers and sellers.

(b) e-trading : It involves securities trading that is online buying and selling of shares and other financial instruments etc. For e.g. Share khan, which is India’s largest online trading firm.

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