Understanding the Market — Entrepreneurship STD 11 Commerce — Question
CBSE BoardEnglish MediumSTD 11 CommerceEntrepreneurshipUnderstanding the Market4 Marks
Question
Describe the scope of E-Commerce.
✓
Answer
Business function: E-commerce and other electronically conducted business functions such as production, product development, accounting, finance human resource management, etc.
Interaction: Covers the interaction of the firm with its customers and suppliers, over the Internet, i.e. it revolves around buying and selling products and services over the internet.
Transaction: The internet users can now order goods, receive their delivery and make their payment while at home, on the internet.
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