generic · CBSE Class 11 English medium · BUSINESS STUDIES · Page 3poem

more than buying and selling over the

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

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more than buying and selling over the internet, i.e., e-commerce. We have mentioned above that the scope of e-business is quite vast. and personnel administration as well Figure . Firm as a link between Network of Suppliers and Customers B2B transactions B2C Transactions S S S n C C C n C2C Suppliers Customers Firm R & D Production Purchase HR Finance Marketing Intra-firm B transactions as managerial activities like planning, organising and controlling can be carried out over computer networks. directions viz., (i) B2B which is a firm’s interactions with other businesses, (ii) B2C i.e., a firm’s interactions with its customers and (iii) intra-B or a firm’s internal processes. of parties and interactions that comprises e-business. parties involved in e-commerce transactions are business firms, and, interact with a number of other business vicinity of the automobile factory or even for each of the components. A network of computers is used for placing orders, monitoring production and delivery of components, and making payments. control over its stock-in-transit as well the information and documents; and of late, money transfers as well. and receive commercial documents like purchase orders or invoices.

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