Understanding the Definition of Business
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Questions and Answers

What type of business model is Amazon.com most likely an example of?

  • Virtual Marketplace (correct)
  • Auction Broker
  • Marketplace Exchange
  • Merchant Model
  • Which model primarily relies on banner ads for revenue?

  • Transaction Broker
  • Merchant Model
  • Virtual Marketplace
  • Advertising Model (correct)
  • What does the PayPal model primarily focus on?

  • Marketplace Exchange
  • Transaction Broker (correct)
  • Merchant Model
  • Advertising Model
  • Which model involves wholesalers and retailers making sales on the web based on list prices or auctions?

    <p>Merchant Model</p> Signup and view all the answers

    What type of advertising model does Google primarily use?

    <p>Web Advertising Model</p> Signup and view all the answers

    Which business model involves assisting buyers and sellers to understand a market?

    <p>Infomediary Model</p> Signup and view all the answers

    What is the main difference between e-commerce and e-business?

    <p>E-commerce involves buying and selling products electronically, while e-business encompasses the entire value chain of business processes.</p> Signup and view all the answers

    Which term refers to automating business processes with the help of information systems?

    <p>Electronic Business</p> Signup and view all the answers

    What aspect makes e-business more comprehensive than e-commerce?

    <p>E-business involves purchasing and supply chain management.</p> Signup and view all the answers

    Which best describes the scope of e-business?

    <p>It involves various business processes across the entire value chain.</p> Signup and view all the answers

    How is e-commerce viewed by the information technology industry?

    <p>As an electronic business application directed towards commercial transactions.</p> Signup and view all the answers

    Why are electronic weighing scales preferred over manual weighing systems?

    <p>They are accurate and not susceptible to sleight of hand.</p> Signup and view all the answers

    What is a major advantage of farmers being recognized as integral business partners in the supply process?

    <p>They get to access information through the portal to improve yields.</p> Signup and view all the answers

    How does the direct procurement from the farmer benefit the processor?

    <p>Reduces transaction costs through more intermediaries.</p> Signup and view all the answers

    Why are e-portal offerings preferred over products from village traders for farmers?

    <p>They offer a substantial cost reduction compared to local sources.</p> Signup and view all the answers

    How has the direct interaction between processors and farmers impacted the agri-sector positively?

    <p>It has improved product quality and reduced handling losses.</p> Signup and view all the answers

    Why has the area under soy cultivation increased while the total procurement at the mandis has decreased?

    <p>Direct procurement from farmers leads to a decrease in total procurement.</p> Signup and view all the answers

    What did Dr. Andy Grove, Intel Chairman, predict about companies in the future?

    <p>They will all be Internet companies or they will be dead</p> Signup and view all the answers

    Which of the following is NOT a definition of 'business' according to the Oxford English Dictionary?

    <p>a scientific theory</p> Signup and view all the answers

    What is a necessary condition for a business to make a profit?

    <p>Having enough customers to whom its output can be sold on a consistent basis</p> Signup and view all the answers

    What is a characteristic of a business, according to Wikipedia?

    <p>It is involved in the provision of goods and services to consumers</p> Signup and view all the answers

    What type of business ownership is NOT mentioned in the Business Dictionary definition?

    <p>Foreign-owned</p> Signup and view all the answers

    According to David A., what should a business have?

    <p>A defined strategy and a manager with sales and profit responsibility</p> Signup and view all the answers

    What are the components of the Kiosk infrastructure in the village?

    <p>PC, UPS, Dot matrix printer, Telephone &amp; Internet connectivity</p> Signup and view all the answers

    What is the purpose of identifying a 'Prathinidhi' in the selected village?

    <p>To establish the Kiosk infrastructure</p> Signup and view all the answers

    What are the benefits of training Prathinidhi and a group of farmers in PC operation and Portal use?

    <p>To empower farmers in decision making</p> Signup and view all the answers

    What is the role of agents in the current procurement system?

    <p>To provide loans and manipulate prices</p> Signup and view all the answers

    What are the disadvantages of the current procurement system for farmers?

    <p>All of the above</p> Signup and view all the answers

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