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E-commerce, M.COM PART 1

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  M.com Part 1 (Semester 2) E- COMMERCE Most Important Question Bank for Current Exam Q.19. What are the limitations of e-enterprise? ANS:       Though e-commerce offers many advantages to customers, business, society and nation, there are still some areas of concern that need to be addressed. The following are some of the disadvantages or limitations of e-enterprise. 1. Security :- The biggest drawback of e-business is the issue of security. People fear to provide personal and financial information, even though several improvements have been made in relation to data encryption. Certain websites do not have capabilities to conduct authentic transactions. Fear of providing credit card information and risk of identity limit the growth of e-business. 2. Lack of privacy :- Many websites do not have high encryption for secure online transaction or to protect online identity. Some websites illegally collect statistics on consumers without their permission. Lack of privacy discourages people to use internet for conduction commercial transactions 3. Tax issues :- Sales tax is another big issues when the buyer and seller are situated in different locations. Computation of sales tax poses problems when the buyer and seller in different states. Another factor is that physical stores will lose business if web purchases are free from tax. 4. Fear :- People fear to operate in a paperless and faceless electronic world. Some of the business organizations do not have physical existence, people do not know with whom they are conducting commercial transactions. This aspect makes people to opt physical stores for purchase. 5. Legal issues :- The cyber laws that govern the e-business transactions are not very clear and very from country-to-country. These legal issues prevent people from entering into electronic contacts. 6. Sectoral Limitations :- The main disadvantage of e-business is the lack of growth in some sectors on account of product or sector limitations. The food sector has not benefited in terms of growth of sales and consequent revenue generation because of number of practical reasons, like food products becoming perishable items. Consumers do not look for food products on the interent, since they prefer to going to the supermarket to buy the necessary items as and when its require. Therefore, e-business gets the online orders relate to food, grocery related products. 7. Costly e-business solutions for optimization :- Substantial resources are required for redefining products lines in order to sell online. Upgrading computer systems, training personnel, and updating websites requires substantial resources. Electronic Data management (EDM) and Enterprise resourse planning(ERP), necessary for ensuring optimal business process, may be pose challenges to e-enterprise. 8. Challenges of low Entry Barriers to existing Firms :- In e-commerce there is low entry barriers. The rapid growth of e-commerce sector is attracting new entrants. One can start e-business venture with an initial investment of as low as rs.5 to rs 10 lakhs, thereby leading to reduced competitive advantages. The sector is also attracting the interest of Venture Capital Funds, and thus enabling e-commerce enterpreneurs to secure funds easily. This enables new companies to easily replicate the existing business models and , thereby ,increase competiton in the sector. 9. Low Pentration of Internet in Rural Areas :- India’s e-commerce market is mainly dominated by urban areas, with the bulk of the business being restricted to cities. Internet useage in rural areas is limited, although 70% of india’s population lives in rural areas. The limited internet useage in rural areas could be due to several factors such as low internet speed and internet user base. The inadequacy of vernacular content of e-commerce websites is another reason for low penetration in rural areas. 10. Problem in payment gateways :- Indian payment gateways have high failure rate as comapred to other countries. Several customers do not attempt payment after a transaction fails. Therefore, online  sellers using payment gateways are losing out on online sales.    

Blog, E-commerce, M.COM PART 1

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 M.com Part 1 (Semester 2) E- COMMERCE Most Important Question Bank for Current Exam     Q.20. Define e-Marketing and its Scope Or Explain the areas where E-Marketing can be brought into use. ANS: MEANING: E-marketing is a process of planning and executing the conception, distribution, promotion, and pricing of products and services in a computerized, networked environment, such as the Internet and the World Wide Web, to facilitate exchanges and satisfy customer demands Marketing (also referred to as web marketing or internet marketing) uses electronic communication technologies including the Internet, mobile phones and digital media Definition: According to Kotler and Keller, E-Marketing portrays company efforts to inform and communicate with buyers, and promote and sell its products and services over the Internet. SCOPE OF E-MARKETING: 1. Advertising: Ecommerce advertising is the practice of disseminating paid messages to sell a product online. The advertiser will pay for placement, impressions, clicks, etc. on a publisher. E marketing forms a better way for advertising as major population has access to internet and also advertising will have a better reach and ultimately better conversion 2. Promotions: E-Marketing can be used for promotions of either an existing product or a new product. With the help of emerging technology marketers can make use of creativity and promote their products in a better manner which was not possible in traditional method 3. Market Analysis Market analysis forms a very important and one of the primary activities of any business activity. It helps the business to understand the market standing. It helps the organization to identify its competitors and form a combat force to fight the same. This basically forms a source of primary first-hand information for the business. E- Marketing can be used for gathering this crucial information. 4. Strategic Web activities To be in constant touch with the customers andprospects, it is very important for the business to be in news and do things differently. It is often said ‘Out of Sight is Out of Mind’. Hence, companies must keep engaging themselves in strategic activities over different platform to be visible. This can be done through E-Marketing. 5. Business expansion After survival and Growth, Expansion is an inevitable part of any business organization. For expansion, its is not just enough to escalate the R & D process but also to communicate it efficiently in the market. Unless a better communication is done, even the best of products cannot pick up sales. E-Marketing, can be seen as a platform for launch of new products as well business expansion. 6. Customer response Business and marketing are a continuous activity. Its continuity is largely based on the feedback that is received from the customer. In today’s era, its difficult to pay attention to individual responses and letters/ Grievances/ Satisfaction, but much easier when E-Marketing tools are used. It helps the organization to gauge the exact summary of customer feedback.  

E-commerce, M.COM PART 1, Question Bank

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M.com Part 1 (Semester 2) E- COMMERCE Most Important Question Bank for Current Exam Q.18. Discuss the benefits of E-Enterprise. ANS: E-Enterprise is the conduct of business processes on the internet. These electronic business processes include buying and selling products, supplies and services, serving customers, processing payment, managing production control, collaborating with business partners, sharing information, running automated employee services, recruiting etc. The benefits or advantages of E-enterprise is as follows :- 1. Provides Flexibility :- E-enterprise interact with more customer, can entail more, and can offer an innovative experience through website. It offers a platform for organizations to interact with the customers in a creative way and provides flexibility to realise creativity along with Global Director E-enterpriseOnline Marketplaces Third Party e-Retailers Direct Sales & Affiliates Digital Marketing Cooperative Online Marketing Product Data Management Data Distribution infrastructure that decides the scope. The restructuring of organizational processes and functions are much easier and they contribute to better utilization of resources and assets. In this age of information explosion, e-enterprise offers a platform for information utilization and allow building an edge through creative use of information. It comes in various ways such as outsourcing, off shoring, and integrating various business components. 2. No need for physical preserence :- Business are no longer dependent on physical reach because most of them have expanded through the internet. This has increased the visibility of the companies. Increased connectivity has enhanced responsiveness mainfold. Introduction of new service have changed their management and treatment in marketplace. 3. Cost Reduction :- E-enterprise reduces the cost information collection, inforamtion stortage and information analysis. Most importantly, it reduces the communcation costs. 4. Transparency :- In e-enterprise, marekets, prices, transaction, and cost become more and more transparent. This transparency leads to more efficient markets. Cost transparency refers to the ability of the customer to determine that actual costs. 5. Personalization :- Another importanta aspect of e-enterprise is personalization. E-enterprise allows one to have targeted marketing message and even customers can select their messages of interest. They can keep their transactions listed and merchants can give personalized service as e-business allows very easy information handling. 6. End-to-end information flows :- E-enterprise transforms business relationship traditionally working in hierachy and many indirect connections. The old indirect connectivity and hierachy was responsible for the market inefficiencies and loss of information. Eenterprise with end-to-end relationship empowers efficient information flow. This allows customer demands at different levels being addressed more efficiently. 7. Integrated solution :- E-enterprise even helps in managing the chain of networks linking customers, workers, suppliers, distributors, and even competitors within an integrated or extended supply chain management solution. Supply chain management(SCM) is defined as the management of supply-related functions and activities, that is,materials, information, and finance as they move from source to destinationm that is, form the supplier to manufacturer to wholesaler to retailer and, finally, to consumer. It involoves the coordination and integration of parties involved in it and flows both within and among companies. 8. Saves time :- One of the major driving forces behind implementation of e-business is that is saves time. The savings in time takes place on different fronts. The customer saves time because he/she can perform different transactions at any time and at any place. The turnaround time for transactions is reduced to a great extent. Overall connectivity empowers the organization to deliver an efficient service. Time is also saved in other transactions, information transefers, and ultimately helping in decision making. 9. Improved communication with customers and suppliers :- The communication and interaction of customers with suppliers has become easier. Finacial transactions have become efficient and that allows both customers and suppliers to concentrate on other fronts. Electronic communication makes overall communication efficient. 10. Online publishing :- Text, graphics, and multimedia files are used in web-based documents for web publishing. The examples of webpublishing include various e-magazines, web based newspapers, and e-books that are published on website. Other materials used for promotional purpose and published on websites also come under web publishing. Low-cost univesal access, the independence of time and place, and ease of distribution are some of the advantage of online publishing. There are mangement issues and public policy issues that need to be considered before online purchasing. The measurement and profitability related issues come under management issues , while copyright, censorship related issues, and legal aspects come under public policy related issues. Online publishing uses both business-to-business (B2B) and business-toconsumers(B2C).   If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141        Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw    

E-commerce, M.COM PART 1, Question Bank

E-commerce m com semester 2 important questions and answers pdf 2024

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   M.com Part 1 (Semester 2) E- COMMERCE Most Important Question Bank for Current Exam Q.16 Discuss the features of e-enterprise ANS: 1. Flat Organisation Structure :- The nature of organisation structure in e-enterprise is flat. There are limited levels of management.There is limited number of workforce including managers, also the administration and managent overheads are lower. 2. Global Reach:- E-enterprise permits global reach. Due to internet and web technology , traditional business organisation defination has undergone a change where scope of the enterprise now includes other company location, business partners, customers and vendors. 3. Information Driven :- Due to Interent and web, the e-enterprise is nformation driven rather than paper driven organisation. E-business enterprises is open twenty four hours, and being an public domain; managers,suppliers,customers and business partners can transact business anytime from anywhere. 4. Competitive Advantage :- Internet capabilities have given ebusiness enterprise a competitive advantage to increase the business value. It has opened new channels of business as buying and selling can be done on internet. It enables to reach new markets across the world anywhere du to communication capabilities. It has empowered customers and suppliers through secured access to information to act, wherever necessary. The cost of business operation has come down significantly due to the elimination of paper-driven processes, faster communication and effective collaborative working. The internet based transactions resulted in the reduction of administrative and management overheads, reduction in inventory, quicker delivery of products. 5. Absense of Command Control :- In e-enterprise, organisations are empowered by informaion and knowledge to perform various activities. In e-enterprise, people work in a network environment or in a virtual mode. The decision in e-enterprise are supported by information systems, application packages and decision-support systems. 6. Process driven :- E-business enterprise is more process driven, technology enabled and uses its own information and knowledge to perform activities. In E-business enterprise, most of the activities are electronic-based,use of digital technologies and work on databases,knowledge bases,directories and document repositories. The business process are conducted through enterprise software like ERP(Enterprise Resourse Planning),SCM(Supply chain management) and e-CRM supported by data warehouse, decision support and knowledge management systems. 7. E-business Solutions :- E-business enterprises are using Internet technology, network, and wireless technology for improving the business performance measured in terms of cost, efficiency, competitiveness and profitability. E-enterprise are using e-business solutions to reach faraway locations to deliver product and services. The enterprise solutions like ERP, SCM and e-CRM run on Internet and Wide Area Network(WAN). 8. Transformation :- The paradigm shift to e-enterprise has brought four transformations, namely:  Domestic business to global business.  Industrial manufacturing economy to knowledge-based service economy.  Enterprise resource management to Enterprise network management.  Manual document driven business process to paperless automated, electronically transacted business process. 9. Trading of goods and services :- In E-enterptrise, business is conducted electronically. Buying and selling is possible for a wide range of products such books, readymade garments, jewellery, electronic items, white goods and many such goods are bought and sold on internet. Also, a number of services such as banking, insurance, healthcare, education, tourism industry are being managed through internet. 10. Mangement Information Systems :- MIS for e-business is different compared to conventional MIS design of an organisation. The role of MIS in e-business organization is to deal with changes in global market and enterprises. MIS produce more knowledge-based products. Knowledge management system is normally recognised as a part of MIS. It is effectively used for straegic planning for survival and growth, increase in profits, productivity. 11. Challenges for E-enterprise:-  The organisation structure should be lean and flat  Employees should allow to work from anywhere  Re-engineer the processes to cut down process cycle time  Make use of groupware technology on internet platform for faster response processing.  Enlarge the scope of organisation where customers, suppliers, and others become a part of the organisation with the help of etechnology.  Change the organisation behaviour to gain competitive advantage by using e-technolgy to communicate,coordinate and collaborate with customers, suppliers and businss partners.     If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141        Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw    

M.COM PART 2, Question Bank, SUPPLY CHAIN MANAGEMENT LOGISTICS

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  M.COM SEMESTER – IV (CBCS) BUSINESS STUDIES (MANAGEMENT) SUPPLY CHAIN MANAGEMENT LOGISTICS   Q.10 Write a brief note on forms of supply chain networks. ANS: Supply chain networks exhibit various models that aid in understanding the various optimization methods used for studying uncertainty and scenario modelling. As shown below, there are six distinct supply chain network models.           1. Producer Storage with Direct Shipping: In this model, goods are transported directly from the manufacturer’s starting point to the end customer’s destination point, bypassing the retailer. The retailer accepts the order and initiates the delivery request. This is also known as drop-shipping because the product is delivered directly from the manufacturer’s location to the customer’s location. 2. Producer storage with direct shipping and in-transit merge (crossdocking): It is like pure drop-shipping or moving, but the difference is that pieces of the order come from various locations and are merged into one so that the customer receives a single delivery. 3. Distributor storage with package carrier delivery: When inventory is not owned by the manufacturers at the plants, but rather by merchants/retailers in intermediate warehouses, package carriers are used to ship goods from the intermediate location to the final customer. 4. Distributor storage with last-mile delivery: When a merchant/retailer delivers the goods ordered by the customer to the customer’s home rather than using a package carrier, this type occurs. 5. Producer or distributor storage with customer pickup: The inventory is stored at the manufacturer’s or producer’s warehouse, but customers place their orders online or by phone and then come to pick-up points designated for collecting their orders. 6. Retail Storage with Customer Pickup: This is mostly used when inventory is kept locally at retail stores; customers walk into the store or order something online or over the phone and pick it up at the store. Customers’ preferences are used to make distribution system decisions. This, in turn, affects the demand for the product or products as well as the cost of the distribution arrangement.     If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141              Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw     supply chain management logistics m.com sem 4 question paper   supply chain management logistics m.com sem 4 question with answer m.com semester 4 subjects of supply chain management logistics m.com semester 4 mumbai university supply chain management logistics important question IDOL mumbai university m.com semester 4 supply chain management logistics important question IDOL mumbai university supply chain management logistics important question business management supply chain management m.com sem 4 question paper M.com Semester 4 business management supply chain management Important idol mumbai university M.com Semester 4 business management supply chain management Important business management M.com supply chain management Important question supply chain management mcq questions and answers pdf downloa SUPPLY CHAIN MANAGEMENT AND LOGISTICS M.COM Business Management Supply Chain Management Mcom Master Of Commerce Semester 4 Question Papers M.Com. Semester Pattern Study Material

M.COM PART 2, Question Bank, SUPPLY CHAIN MANAGEMENT LOGISTICS

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    M.COM SEMESTER – IV (CBCS) BUSINESS STUDIES (MANAGEMENT) SUPPLY CHAIN MANAGEMENT LOGISTICS   Q.7 Explain the factors for selecting a suitable channel in a business scenario. ANS: Various constituents of the marketing mix like promotion etc., are closely related to the channels of distribution. A wrong choice of distribution channel ultimately increases the price of the product. Deciding a proper channel of distribution is not an easy task. It involves a careful study and consideration of many factors stated below. Some of the factors to consider while selecting a channel of distribution are: (1) The Nature of the Product (2) The Nature of the market (3) The Nature of Middlemen (4) The nature and size of the manufacturing unit (5) Government Regulations and Policies and (6) Competition. 1) The Nature of the Product: These factors include physical characteristics of a product and their impact on the selection of a particular channel of distribution. Various factors under this category are: (a) Perishability: Products which are perishable in nature are distributed by employing a shorter channel of distribution so that goods could be delivered to the consumers without delay. Delay in distribution of these products will deteriorate their quality. (b) Size and weight of product: Bulky and heavy products like coal and food grains etc. are directly distributed to the users involving heavy transportation costs. In order to minimise these costs a short and direct distribution channel is suitable. (c) Products with lesser: Unit value and high turnover are distributed by employing longer channels of distribution. Household products like utensils, cloth, cosmetics etc. take a longer time to reach the consumers. On the other hand, products like jewellery having high product value are directly sold to the consumers by the jewellers. (d) Standardisation: Products of standard size and quality usually take longer by adopting longer channels of distribution. For example, machine tools and automobile products which are of standard size reach the consumer through the wholesalers and retailers. Un-standardised articles take less time and pass-through shorter channels of distribution. (e) Technical Nature of Products: Industrial products which are highly technical in nature are usually distributed directly to the industrial users and take lesser time and adopt shorter channels of distribution. In this case after sales service and technical advice is provided by the manufacturer to the consumers. On the other hand, consumer products of technical nature are usually sold through wholesalers and retailers. In this manner a longer channel of distribution is employed for their sales. After sales services are provided by the wholesalers and retailers. Examples of such products are televisions, scooters, refrigerators, etc. (f) Product Lines: A manufacturer producing different products in the same lines sells directly or through retailers and less time is consumed in their distribution. For example, in automobile rubber products this practice is followed. On the other hand, a manufacturer dealing only in one item appoints sole selling agents, wholesalers and retailers for selling the product. For example, in the case of ‘Vanaspati Ghee’, a longer distribution channel is undertaken. 2) The Nature of the market: This is another factor influencing the choice of a proper channel of distribution. In the words of Lazo and Corbin ―Marketing managements select channels on the basis of customer wants-how, where and under what circumstances. The number of buyers of the product affects the choice of a f channel of distribution. Following factors are considered in this regard: (a) Consumer of industrial market: In the case of industrial markets, the number of buyers is less; a shorter channel of distribution can be adopted. These buyers usually directly purchase from the manufacturers. Marketing intermediaries are not needed in this case. But in the case of consumer markets, where there are a large number of buyers, a longer channel of distribution is employed. Distribution process cannot be effectively carried out without the services of wholesalers and retailers. (b) Number of prospective buyers: If the number of buyers is likely to be more, the distribution channel will be long. On the other hand, if the number of consumers is expected to be less, the manufacturer can effectively sell directly to the consumers by appointing salesmen. (c) Size of the order: If the size of the order placed by the customers is big, direct selling can be undertaken by the manufacturer as in the case of industrial goods. But where the size of the order is small, middlemen are appointed to distribute the products. (d) Geographic concentration of market: Where the customers are concentrated at one particular place or market, the distribution channel will be short and the manufacturer can directly supply the goods in that area by opening his own shops or sales depot. In cases where buyers are widely scattered, it is very difficult for the manufacturer to establish a direct link with the consumers, services of wholesalers and retailers will be used. (e) Buying habits of customers: This includes tastes, preferences, likes and dislikes of customers. Customers also expect certain services like credit and personal attention and after sales services etc. All these factors greatly influence the choice of distribution channel. 3) The Nature of Middlemen: Marketing intermediaries are vital components in the distribution of goods. They greatly influence the marketing of goods.  Important factors relating to the selection of a particular middleman are explained as under: (a) Cost of distribution of goods: Cost of distribution through middlemen is one of the main considerations to be taken into account by the manufacturer. Higher cost of distribution will result in the increased cost of product. The manufacturer should select the most economical distribution channel. In finalising the channel of distribution, services provided by the intermediaries must be kept in mind. It may be pointed out that the manufacturer can select an expensive marketing intermediary because that may ensure various marketing services which cannot be offered by others. (b) Availability of desired middlemen: Sometimes desired middlemen may not be available for the distribution of goods. They may be busy dealing with competitive

M.COM PART 2, Question Bank, SUPPLY CHAIN MANAGEMENT LOGISTICS

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   M.COM SEMESTER – IV (CBCS) BUSINESS STUDIES (MANAGEMENT) SUPPLY CHAIN MANAGEMENT LOGISTICS   Q.5 Explain in detail forecasting in SCM and the need for the same in business. ANS: Forecasting is the process of making predictions based on past and present data. Later these can be compared (resolved) against what happens. · For example, a company might estimate their revenue in the next year, then compare it against the actual results. Prediction is a similar, but more general term. · Forecasting might refer to specific formal statistical methods employing time series, cross-sectional or longitudinal data, or Supply Chain Management and Logistics alternatively to less formal judgmental methods or the process of prediction and resolution itself. · Usage can differ between areas of application: for example, in hydrology the terms “forecast” and “forecasting” are sometimes reserved for estimates of values at certain specific future times, while the term “prediction” is used for more general estimates, such as the number of times floods will occur over a long period. · Risk and uncertainty are central to forecasting and prediction; it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts. · In any case, the data must be up to date in order for the forecast to be as accurate as possible. In some cases the data used to predict the variable of interest is itself forecast. · Data-driven forecasting provides more accurate predictions, but qualitative data also plays a significant role in supply chain forecasting and has proven to be just as effective. · In many cases, ecommerce brands use a combination of both quantitative and qualitative forecasting methods to get as close to accurate predictions as possible. · However, qualitative forecasting methods come in handy when there is a lack of data. Oftentimes, new businesses or innovative products rely on qualitative forecasting methods to make predictions. Here are the most common qualitative forecasting methods used in ecommerce supply chain forecasting. 1. Market research: Market research is a best practice for any business, whether it’s selling a product or even a service. For ecommerce sales, market research can be used to predict supply and demand, and help determine whether or not there is strong demand for a product that will support profit goals. Market research can be executed internally by marketing or sales experts, or businesses can hire a third-party that specialize in market research. There are different tactics used, from developing stakeholder surveys, conducting a thorough competitive analysis, or even interviewing experts in a specific field or industry. 2. Delphi method: The Delphi method consists of market orientation and judgments within a small group of experts or advisors, which is then sorted, grouped, and analyzed by third-party experts. The opinions of the experts are gathered individually to avoid the influence of others’ options, which differs from a panel discussion or focus group. The gathering of opinions is outsourced to a third-party, which analyzes the opinions and information shared. Once reviewed closely, the information is then summarized with an emphasis on different patterns or trends before handing the findings over to the business to review. This method has proved effective and dependable for long-term forecasting. 3. Historical analysis: Historical analysis uses the sales history of a product having a parallel relationship with a present product to predict future sales. It can be utilized to predict the market’s response to a new product or product line. For instance, if you sell vacuums, you would look at past performance on your highest selling vacuum models. Then, you would compare whether or not the features for the new vacuum are similar yet offer something new and improved in terms of settings and options. Historical data can also be collected by looking at your competition’s high-selling products and comparing similar products in your line to determine demand when possible. 4. Panel consensus: The panel consensus method brings together members of a business across all levels to establish its forecast. It is an open process that allows all the participants to express their opinions and predictions based on what they know. For example, you could work with your ecommerce customer service team to identify which products are being returned most often and why, or work with your sales team to get insights on what customers are asking for.     If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141              Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw supply chain management logistics m.com sem 4 question paper supply chain management logistics m.com sem 4 question with answer m.com semester 4 subjects of supply chain management logistics m.com semester 4 mumbai university supply chain management logistics important question IDOL mumbai university m.com semester 4 supply chain management logistics important question IDOL mumbai university supply chain management logistics important question business management supply chain management m.com sem 4 question paper M.com Semester 4 business management supply chain management Important idol mumbai university M.com Semester 4 business management supply chain management Important business management M.com supply chain management Important question supply chain management mcq questions and answers pdf downloa SUPPLY CHAIN MANAGEMENT AND LOGISTICS M.COM Business Management Supply Chain Management Mcom Master Of Commerce Semester 4 Question Papers M.Com. 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M.COM PART 2, Question Bank, SUPPLY CHAIN MANAGEMENT LOGISTICS

M.com semester 4 mumbai university supply chain management logistics important question

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  M.COM SEMESTER – IV (CBCS) BUSINESS STUDIES (MANAGEMENT) SUPPLY CHAIN MANAGEMENT LOGISTICS Q.4 Explain the concept of organizing in SCM in detail. ANS: Organizing includes developing a structure for the people, positions, departments, and activities within the firm. Managers can arrange the structural elements of the firm to maximize the flow of information and the efficiency of work processes. They accomplish this by doing the following: ● Dividing up tasks (division of labor) ● Grouping jobs and employees (departmentalization) ● Assigning authority and responsibilities (delegation) A manager performs organizing function with the help of following steps: 1. Identification of activities: All the activities which have to be performed in a concern have to be identified first. For example, preparation of accounts, making sales, record keeping, quality control, inventory control, etc. All these activities have to be grouped and classified into units. 2. Departmentally organizing the activities: In this step, the manager tries to combine and group similar and related activities into units or departments. This organization of dividing the whole concern into independent units and departments is called departmentation. 3. Classifying the authority: Once the departments are made, the manager likes to classify the powers and its extent to the managers. This activity of giving a rank in order to the managerial positions is called hierarchy. The top management is into formulation of policies, the middle level management into departmental supervision and lower level management into supervision of foremen. The clarification of authority helps in bringing efficiency in the running of a concern. This helps in achieving efficiency in the running of a concern. This helps in avoiding wastage of time, money, effort, in avoidance of duplication or overlapping of efforts and this helps in bringing smoothness in a concern‘s working. 4. Coordination between authority and responsibility: Relationships are established among various groups to enable smooth interaction toward the achievement of the organizational goal. Each individual is made aware of his authority and he/she knows whom they have to take orders from and to whom they are accountable and to whom they have to report. A clear organizational structure is drawn and all the employees are made aware of it. 5. Effective administration: The organization structure is helpful in defining the jobs positions. The roles to be performed by different managers are clarified. Specialization is achieved through division of work. This all leads to efficient and effective administration. 6. Growth and diversification: A company‘s growth is totally dependent on how efficiently and smoothly a concern works. Efficiency can be brought about by clarifying the role positions to the managers, coordination between authority and responsibility and concentrating on specialization. In addition to this, a company can diversify if its potential grows. This is possible only when the organization structure is well- defined. This is possible through a set of formal structures. 7. Sense of security: Organizational structure clarifies the job positions. The roles assigned to every manager are clear. Coordination is possible. Therefore, clarity of powers helps automatically in increasing mental satisfaction and thereby a sense of security in a concern. This is very important for job- satisfaction. 8. Scope for new changes: Where the roles and activities to be performed are clear and every person gets independence in his working, this provides enough space to a manager to develop his talents and flourish his knowledge. A manager gets ready for taking independent decisions which can be a road or path to adoption of new techniques of production. This scope for bringing new changes into the running of an enterprise is possible only through a set of organizational structure. If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .    Contact 8652719712 / 8779537141              Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw         supply chain management logistics m.com sem 4 question paper       supply chain management logistics m.com sem 4 question with answer m.com semester 4 subjects of supply chain management logistics m.com semester 4 mumbai university supply chain management logistics important question IDOL mumbai university m.com semester 4 supply chain management logistics important question IDOL mumbai university supply chain management logistics important question business management supply chain management m.com sem 4 question paper M.com Semester 4 business management supply chain management Important idol mumbai university M.com Semester 4 business management supply chain management Important business management M.com supply chain management Important question supply chain management mcq questions and answers pdf downloa SUPPLY CHAIN MANAGEMENT AND LOGISTICS M.COM Business Management Supply Chain Management Mcom Master Of Commerce Semester 4 Question Papers M.Com. Semester Pattern Study Material

M.COM PART 2, Question Bank, SUPPLY CHAIN MANAGEMENT LOGISTICS

Supply chain management logistics m.com sem 4 question with answer | M.Com. Semester Pattern Study Material

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 M.COM SEMESTER – IV (CBCS) BUSINESS STUDIES (MANAGEMENT) SUPPLY CHAIN MANAGEMENT LOGISTICS Q.2 Explain the principles of SCM in detail. ANS: The concept of the chain is important because each link is connected in a specific direction and order, and the next link cannot be reached without going through the previous one. Each link adds time and costs, and may involve labour, parts, and transportation. Every product a business carries may have its own supply chain, though they may use certain suppliers for multiple products.       1. Adapt Supply Chain to Customer’s Needs: The businesses and supply chain professionals understand customer‘s needs. Customers are divided into different groups called ‗segments‘ in order to understand them better. On the basis of sales volume or profitability, the primitive way to segment customer is ABC analysis. It can also be done by product, trade channel and industry. Anticipating the customer‘s needs is also very important. Once the needs of the customers are anticipated, the supply chain should be aligned to cater to the needs. 2. Customize Logistics Network: After the segmentation of the customers based on different requirements, SCM managers have to tailor logistics networks to serve different segments. The SCM manager has to prioritize the deliveries and make suitable provisions to quickly distribute those goods that are marked as urgent. 3. Align Demand Planning Across Supply Chain: Supply chain professionals are trained to share data with trading partners in order to avoid the unnecessary stock. The demand data must be used wisely by the SCM managers. 4. Differentiate Products Close to Customers: Standardization and differentiation are two completely opposite things. Some cosmetic companies manufacture only 1 SKU that can be sold throughout Asia instead of 1 SKU per country. Due to the economy of the sales, standardization can drastically bring down the cost. 5. Outsources Strategically: Though outsourcing is all the rage, the managers must outsource strategically. The core expertise should not be outsourced ever. This principle stands the test of time. 6. Develop IT that Support Multi-Level Decision Making: The IT projects should not be done in isolation and before IT projects, the business process reengineering should be done. This provides a proper understanding of process insufficiencies and helps to determine the kind of innovation needed. 7. Adapt Both Services and Financial Metrics: The activity-based costing (ABC) is applied to determine the customer‘s profitability. It is even better to exploit Time Driven Activity Based Costing in order to understand changes in activities, process, product and customers. If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141              Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw         supply chain management logistics m.com sem 4 question paper   supply chain management logistics m.com sem 4 question with answer m.com semester 4 subjects of supply chain management logistics m.com semester 4 mumbai university supply chain management logistics important question IDOL mumbai university m.com semester 4 supply chain management logistics important question IDOL mumbai university supply chain management logistics important question business management supply chain management m.com sem 4 question paper M.com Semester 4 business management supply chain management Important idol mumbai university M.com Semester 4 business management supply chain management Important business management M.com supply chain management Important question supply chain management mcq questions and answers pdf downloa SUPPLY CHAIN MANAGEMENT AND LOGISTICS M.COM Business Management Supply Chain Management Mcom Master Of Commerce Semester 4 Question Papers M.Com. Semester Pattern Study Material

E-commerce, M.COM PART 1, Question Bank

Mcom Master Of Commerce Semester 2 Question Papers | E-commerce Important

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  M.com Part 1 (Semester 2) E- COMMERCE Most Important Question Bank for Current Exam Q.10. Explain the reasons for building website by e-marketers ANS: Now a days, running a business without a website is highly impossible. It is almost a necessity to develop and manage own website for business growth, expansion, modernization, development. For a business organisation, there are no. of reasons to build one’s own website. 1. A website Instantly Showcases Work or Talent: –  Any type of creativity can be displayed on a website. Your online portfolio can include everything in one place, where it is your writing, artwork, photograph, clothing, or any product. As an artist, there are many perks to a website, and you don’t have to be an internet expert to get started. 2. Your Employment Potential May Increase: – Prospective employers often assess candidate by what is on their website. The quality of your content and portfolio makes an impression that can get you hired. Whether you are looking for work or would like to someday switch jobs, think ahead, because building your own website may lead to opportunities you never expected. 3. You Can Be an Instant Entrepreneur: – With the help of a Website, you can effectively run a small business. Using your, website, you can also:  Promote products and services to millions of people worldwide.  Impress prospects and clients with your knowledge.  Compete with large businesses in your market.  Collect profits from the services you provide.  Communicate with customers, gauge their satisfaction, and help meet their needs. 4. Knowledge Can Be Expanded: – Content is still an important aspect of any website. Adding great content means you may write about unfamiliar topics, which is effective for learning. 5. Reflects Creativity: – A website can reflect creativity of the personnel of the firm. An innovatively designed website may make people to appreciate the creativity and imagination of the website designer. Advertising agencies, consultants, and such other service providers must design their websites in a creative manner to create a good impression on the viewers or audience. 6. Promote Your Blog: – A website is the perfect medium for integrating a blog. If the template supports frequent updates, blog entries can be added directly. Having your own blog will also, improve writing skills, have better listings on Google, help other people with your knowledge, serve as a self-promotional tool, enable communication with friends , family , and colleagues , help potential clients learn about business , get your voice heard, which can influence change. 7. Corporate Image: – A business firm having its own website can enhance its image in the minds of various stakeholders such as shareholders, customers, employees, suppliers, dealers, and others. For example, a company can provide information on its financial performance on the website, and its plans, which may be useful to the shareholders. Also, when a company provides instant information in response to a query from the customers may enable a firm to develop a good image in the minds of customer. 8. Convenience to Customers: – A Website provides convenience to the customers for interacting with the firm also for transacting busines. For example, in the case of air-travel or hotel booking, a customer can directly book the air tickets or hotel room on the company’s Website or through an agent online. The customers can save lot of time, effort and even money in transacting business with the firm. A website may enable a firm to generate customer loyalty. A website also provides accessibility of information to the customers at any time. An online site can be visited at any time of the day or night or even on a holiday. People may prefer to visit the website for information rather than going to the physical premises of the business firm for information. 9. Tie-ups: – A website may enable a firm to get suitable tie-ups from local or international firms. Based on website information, a firm seeking a tie-up approach the website owner for a tie-up. It is up to the website owner to accept or rejects such a proposal from the other firm. Nowadays, in this competitive world, it may make sense to enter a tie-up with another firm to remain competitive and for growth and expansion. 10.Competitive advantage: – A company may provide relevant information about its products on the website with reference to price, features, after sale service, warranty, and other relevant information. The prospective customer compares this information with that of the competitors and therefore, making a proper choice. Thus, a website which provides relevant information enables a firm to face competition in the market M com sem 1 e commerce imp questions in exam paper 2024 M com sem 1 e commerce imp questions in exam paper 2023 m.com part 1 question papers with answers idol m.com sem 1 question papers mumbai university e-book m.com question papers with answers pdf mumbai university e-commerce important questions and answers pdf e-commerce important questions unit wise e-commerce important questions pdf m.com question papers with answers pdf mumbai university e-commerce  question paper mumbai university mumbai university solved question papers download pdf mumbai university previous year question papers with solutions m.com part 2 sem 2 question paper mumbai university   If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141        Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw    

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