EMERGING MODES OF BUSINESS CLASS XI BUSINESS TUDIES UNIT 5 READING MATERIAL/VIDEO LINKS • http://ncert.nic.in/textbook/textbook.htm?kebs1=511 • It can be shared through e-mail or whats app or easily available on Diksha app. • https://youtu.be/hBoXycORjRs • https://youtu.be/hIPPsnDudy8 TODAY WE WILL DISCUSS ABOUT E-BUSINESS – ITS MEANING, SCOPE AND DIFFERENCE BETWEEN E-BUSINESS AND E-COMMERCE LEARNING OUTCOMES • After this session you will be able to : • State the Meaning of E- Business • Explain the Scope of E- Business • Differentiate between e-business and e-commerce. READ THE FOLLOWING TEXT • Then teacher may ask students(2-3) to share their views about it. Teacher may also relate to the present scenario of lockdown where the importance of e-business has accelerated. MEANING OF E-BUSINESS • e-business may be defined as the conduct of industry, trade and commerce using the computer networks. B2B Business B2C Business Scope of e-business C2C Business Intra B Business B2B BUSINESS • A website following the B2B business model sells its products to an intermediate buyer who then sells the product to the final customer. • As an example, a wholesaler places an order from a company's website and after receiving the consignment, sells the end product to the final customer who comes to buy the product at one of its retail outlets. B2C COMMERCE • A website following the B2C business model sells its products directly to a customer. A customer can view the products shown on the website. The customer can choose a product and order the same. The website will then send a notification to the business organization via email and the organization will dispatch the product/goods to the customer. C2C COMMERCE • A website following the C2C business model helps consumers to sell their assets like residential property, cars, motorcycles, etc., or rent a room by publishing their information on the website. Website may or may not charge the consumer for its services. Another consumer may opt to buy the product of the first customer by viewing the post/advertisement on the website. • https://youtu.be/HIC-tPeSyOc INTRA B COMMERCE • Here, parties involved in the electronic transactions are from within a given business firm, hence, the name intra-B commerce. E-COMMERCE VS E- BUSINESS QUICK RECAP QUIZ TIME https://kahoot.it/challenge/07277464?challenge-id=975b33e0fc6c-4824-9604-58441367a57d_1591624811336 • https://create.kahoot.it/share/emerging-modes-of-business-1/f560e4d8-f76b-4141-9772f743f2238f66 ASSIGNMENT/HOME WORK • https://forms.gle/GEHiCwnUMtieSdMd8