Understanding the Definition of Business

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?

Merchant Model (B) Signup and view all the answers

What type of advertising model does Google primarily use?

Web Advertising Model (B) Signup and view all the answers

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

Infomediary Model (A) Signup and view all the answers

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

E-commerce involves buying and selling products electronically, while e-business encompasses the entire value chain of business processes. (A) Signup and view all the answers

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

Electronic Business (B) Signup and view all the answers

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

E-business involves purchasing and supply chain management. (A) Signup and view all the answers

Which best describes the scope of e-business?

It involves various business processes across the entire value chain. (C) Signup and view all the answers

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

As an electronic business application directed towards commercial transactions. (D) Signup and view all the answers

Why are electronic weighing scales preferred over manual weighing systems?

They are accurate and not susceptible to sleight of hand. (D) Signup and view all the answers

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

They get to access information through the portal to improve yields. (A) Signup and view all the answers

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

Reduces transaction costs through more intermediaries. (D) Signup and view all the answers

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

They offer a substantial cost reduction compared to local sources. (A) Signup and view all the answers

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

It has improved product quality and reduced handling losses. (D) Signup and view all the answers

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

Direct procurement from farmers leads to a decrease in total procurement. (D) Signup and view all the answers

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

They will all be Internet companies or they will be dead (B) Signup and view all the answers

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

a scientific theory (D) Signup and view all the answers

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

Having enough customers to whom its output can be sold on a consistent basis (B) Signup and view all the answers

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

It is involved in the provision of goods and services to consumers (C) Signup and view all the answers

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

Foreign-owned (B) Signup and view all the answers

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

A defined strategy and a manager with sales and profit responsibility (A) Signup and view all the answers

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

PC, UPS, Dot matrix printer, Telephone & Internet connectivity (A) Signup and view all the answers

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

To establish the Kiosk infrastructure (B) Signup and view all the answers

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

To empower farmers in decision making (C) Signup and view all the answers

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

To provide loans and manipulate prices (A) Signup and view all the answers

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

All of the above (D) Signup and view all the answers