generic · CBSE Class 11 English medium · BUSINESS STUDIES · Page 7example

emerged to support C2C activities is

Chapter 5: EMERGING MODES OF BUSINESS · BUSINESS STUDIES · EN medium

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that of the payment intermediary. PayPal is a good example of this kind. e-commerce makes flexible Manufacturing and Mass Customisation possible Customised products have traditionally been made to order by craftsmen and have, therefore, been expensive and delivery times have been long. Industrial revolution meant that organisations could engage in mass production and could sell homogeneous products rolled out of the factory at a lower cost due to the economies of scale. Thanks to e-commerce, now organisations can offer customised products/ services at lower costs, that previously were only associated with mass produced commodity items. Here are a few examples:

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that of the payment intermediary. PayPal is a good example of this kind. e-commerce makes flexible Manufacturing and Mass Customisation possible Customised products have traditionally been made to order by craftsmen and have, therefore, been expensive and delivery times have been long. Industrial revolution meant that organisations could engage in mass production and could sell homogeneous products rolled out of the factory at a lower cost due to the economies of scale.

Thanks to e-commerce, now organisations can offer customised products/ services at lower costs, that previously were only associated with mass produced commodity items. Here are a few examples:

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