Please refer to Emerging Modes of Business HOTs Class 11 Business Studies provided below with Emerging Modes of Business. All HOTs for Class 11 Business Studies with answers provided below have been designed as per the latest syllabus and examination petter issued by CBSE, NCERT, KVS. Students of Standard 11 Business Studies should learn the solved HOTS for Class 11 Business Studies provided below to gain better marks in examinations.
Emerging Modes of Business Class 11 Business Studies HOTs
Question. Define e-commerce.
Answer : E-commerce, also called as electronic commerce or internet commerce, refers to the purchasing and selling of commodities or services utilising the internet and the transfer of money and data to perform these transactions.
Question. State a significant feature of outsourcing.
Answer : An important feature of outsourcing is:
• The activities that are not indistinctive can be certainly outsourced; however, distinct pursuits cannot be outsourced
Question. What is the scope of the business based on the parties involved in the electronic transaction?
Answer : Scope of the business based on the parties involved in the electronic transaction are B2B which is an enterprise’s interactions with other businesses, B2C, i.e., an enterprise’s interactions with its customers and Intra-B or a firm’s internal processes.
Question. Expand B2C Commerce.
Answer : B2C Commerce – Business to Consumers Commerce
Question. What is Traditional Business?
Answer : Traditional business is a local shop which gives its services or goods to its local consumers. It is a set-up where consumers will have to visit the shop physically to purchase the goods.