Chapter 5 - Emerging Modes of Business
Very Short Questions and Answers
CBSE Class 11 Business Studies
1-Mark Questions
Q1: Define e-Business.
Answer: e-Business refers to the process of performing Business activities electronically through the means of internet.
Q2: List the three strongest trends that are shaping our future business.
Answer:
(i) digitisation—the conversion of text, sound, images, video, and other content into digital content,
(ii) outsourcing, and,
(iii) inter-nationalisation and globalisation
Q3: What is e-Trading?
Answer: e-Trading involves securities trading, i.e. online buying & selling of shares and other financial instruments.