📖 generic · CBSE Class 11 English medium · BUSINESS STUDIES · Page 6example

section devoted to Business Process

Chapter 5: EMERGING MODES OF BUSINESS · BUSINESS STUDIES

section devoted to Business Process Outsourcing (BPO). ATM speeds up withdrawal of Money e-commerce greatly facilitates and speeds up the entire B2C process. Withdrawal of one’s own money from banks was, for example, a tedious process in the past. One had to go through a series of procedural formalities before he or she was able to get the payment.

After the introduction of ATMs, all that is fast becoming history now. The first thing that occurs is that the customer is able to withdraw his money, and the rest of the back-end processes take place later.

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