E-Business (VSAQs)
Commerce-1 | 12. E-Business – VSAQs:
Welcome to VSAQs in Chapter 12: E-Business. This page includes the most important FAQs from previous exams. Each answer is provided in simple English and presented in the exam format. This approach helps you prepare effectively and aim for top marks in your final exams.
VSAQ-1: What is E-Banking?
E-Banking, also known as Electronic Banking, is like having your bank branch right in your pocket. Imagine you need to check your account balance, transfer money to a friend, or pay your electricity bill, and you can do all this without leaving your home. E-Banking allows you to do all these things and more using your smartphone, computer, or any device with internet access. Instead of visiting a physical bank branch, you can manage your finances online. This includes services like online account monitoring, fund transfers, and bill payments through mobile apps or bank websites. E-Banking offers convenience, efficiency, and 24/7 access to banking services, making it easier for you to handle your money whenever and wherever you need to.
VSAQ-2: What is E-Trading?
E-Trading, or Electronic Trading, is like an online marketplace for buying and selling financial products like stocks, bonds, and currencies. Imagine you want to invest in a company by buying its stocks, but instead of going to a physical stock exchange, you do it online through an e-trading platform. These platforms allow you to see real-time market data and make quick decisions on when to buy or sell. Whether you’re at home or on the go, e-trading lets you participate in the financial markets with just a few clicks. It’s a fast, efficient way to trade, and it connects people from all over the world to the global financial market.
VSAQ-3: What is E-Marketing?
E-Marketing, or Electronic Marketing, is like spreading the word about your business using the power of the internet. Imagine you’ve started a new online store selling handmade crafts. To attract customers, you might use social media to share photos of your products, send out emails with special offers, or place ads on websites that your target audience visits. E-Marketing uses digital channels like social media, email, and online ads to reach a broad audience and promote your products or services. It’s a cost-effective way to engage with potential customers, track the success of your marketing campaigns, and make adjustments in real-time.
VSAQ-4: What is E-Business?
E-Business, or Electronic Business, is like running your business online. Instead of a traditional store where customers walk in to buy things, e-business uses the internet to conduct all its activities. This can include online sales, customer support, digital payments, and more. For example, an e-business could be an online retailer that sells products through a website or a service provider offering digital courses. E-Business takes advantage of technology to reach more customers, operate more efficiently, and provide a better overall experience. It’s the modern way of doing business, where almost everything happens digitally.