10 Questions
What distinguishes E-Business from Traditional Business in terms of risk involved?
E-Business involves high risk due to lack of direct contact between parties
What is a distinguishing factor between E-Business and Traditional Business regarding customer interaction?
E-Business lacks face-to-face interaction, unlike Traditional Business
What characterizes the area covered by E-Business compared to Traditional Business?
E-Business covers the entire world, while Traditional Business is limited to a specific area
Which statement accurately distinguishes between E-Commerce and E-Business in terms of meaning?
'E-Commerce involves commercial transactions over the internet' while 'E-Business conducts business processes online'
How do E-Business and Traditional Business differ in terms of physical inspection of goods before purchase?
Goods in E-Business cannot be inspected physically before purchase, but in Traditional Business they can
Which aspect distinguishes between E-Business and Traditional Business regarding formation?
E-Business is easy to form, while Traditional Business involves a lengthy and complicated procedure
In terms of resource focus, how do E-Business and Traditional Business differ?
E-Business resources focus on demand side, while Traditional Business resources focus on supply side
What distinguishes the delivery of goods in E-Business from Traditional Business according to the provided text?
In E-Business, delivery of goods takes time; in Traditional Business, it is instant
'Formation of E-Business is easy to form' compared to Traditional Business because:
'E-business involves less legal complexities during formation'
Why does E-business lack face-to-face interaction with customers?
Due to the global nature of e-business transactions
Test your knowledge on the definitions and key differences between the management functions of planning, organizing, staffing, directing, coordinating, and controlling in organizations.
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