E- commerce m.com part 1 semester 2 question bank
M.com Part 1 (Semester 2) E- COMMERCE Most Important Question Bank for Current Exam Q.3. Describe scope of e-commerce. ANS: E-Commerce is a general concept covering any form of business transaction or information exchange executed using information and communication technologies ((ICT’s). It includes electronic trading of goods, services and electronic material. It takes place between companies, between companies and their customers or between companies and public administrations 1) Electronic Markets: An electronic market is the use of ICT where seller offers a range of good and services so that the buyer can compare the prices of the goods and services and make a purchase decision. e.g. Airline Booking System 2) Electronic Data Interchange: Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners. These are any of the documents that are typically exchanged between businesses. The most common documents exchanged via EDI are purchase orders, invoices, payment document and advance ship notices. There is no need for printed orders and invoices & delays & errors in paper handling. It is used by organizations that make a large number of regular transactions. Eg. The exchange of EDI documents is typically between two different companies, referred to as business partners or trading partners. For example, Company A may buy goods from Company B. Company A sends orders to Company B. 3) Internet Commerce: Internet Commerce is the use of the Internet for all phases of creating and completing business transaction. This application is both for Business to Business (B2B) & Business to Consumer (B2C) transactions. 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
