NCERT Solutions for Class 11 Business Studies – Chapter 5 – Emerging Modes of Business

NCERT Solutions are regarded as very useful resources for students studying Business Studies through the NCERT textbook in Class 11. The reason being, solutions have answers to every question that’s given at the end of the chapter in the NCERT Business Studies textbook. The NCERT Solutions for Class 11 Chapter 5 are prepared by subject matter experts at Extramarks who have ensured that every answer is written in a simple and thorough manner while meeting guidelines laid down by the CBSE.

Class 11 NCERT Solutions Business Studies – Chapter 5 

Access NCERT Solutions for Class 11 Business Studies Chapter 5 – Emerging Modes of Business

NCERT Solutions for Class 11 Business Studies – Chapter 5 – Emerging Modes of Business

NCERT Solutions for Class 11 Business Studies Chapter 5 help students in answering the questions of Class 11 Chapter 5 – Emerging Modes of Business in the right manner. Students can also refer to the solutions for their last minute revision.

Emerging Modes of Business

The chapter discusses the new business models – e-commerce and outsourcing in detail. The prefix ’emerging’ indicates that these enterprises are still in the early stages of development. Three major changes that are taking place include:

  • Digitisation: Text, voice, photos, video, and other content are converted into a series of ones and zeros. They are then communicated electronically, and the process is called digitisation.
  • Outsourcing: Hiring companies to carry non-core activities on the behalf of a business is known as outsourcing.
  • Internationalisation and Globalisation: With more foreign companies expanding themselves and setting up offices in India. This has led to internationalisation and globalisation. 

Features of B2C Commerce

In Class 11 Business Studies NCERT Solutions Chapter 5, students will know that B2B (business to business) transactions occur when both parties involved in it are businesses. Search, shipping, correct product information, and private account history pages are common in both B2B and B2C web markets. B2B, on the other hand, varies from B2C in some aspects.

Most B2B companies have various ordering procedures, large property collections, and complex back-end systems. Furthermore, in a B2B environment, purchasing is a part of the customer’s work. He/She must ensure that all necessary supplies or components that help in keeping the business functional are purchased. Lastly, because businesses are generally large, they have a large number of products or components to keep their operations running. As a result, B2B buyers frequently place huge orders. B2B purchases are further distinguished by regular orders as opposed to one-time purchases.

Many people are involved in B2B purchases. A corporation, for example, may have many buyers or buying centres. They’re in charge of locating the appropriate products and establishing effective resellers. It’s not about the best packaging, but about getting the best price for the company. In general, the ratio is favourable.

Concepts covered in this chapter 

  • E-business
  • Scope of e-business
  • Merits
  • Limitations
  • Online transactions
  • Security problems related to e-commerce
  • Outsourcing concept
  • B2B Commerce
  • B2C commerce
  • C2C commerce
  • Intra b-commerce

How can Extramarks guide you with NCERT Solutions?

Extramarks offers chapter-specific solutions that can be accessed from the website or the mobile app. The NCERT Solutions for Class 11 Business Studies are created by subject matter experts who understand students’ academic needs. With the help of the chapter-by-chapter solutions , students will be able to answer the questions accurately in the exams 

Understanding how to answer questions is quite important for students, and NCERT solutions help students in doing so. Also, students can refer to NCERT solutions for revision and last- minute preparations. 

What is not included in e-commerce?

(a) A business’s intercommunications with its customers.

(b) A business’s communications with its suppliers.

(c) Communications among the several departments within the business.

(d) Communications among the geographically dispersed units of the business.

Answer: (c) Communications among the several departments within the business.

  1. Complete the sentence – Outsourcing:

(a) Limits only to the negotiating out of (TIES).

(b) Limits only to negotiating out of non-core business.

(c) Includes Contracting out of production and RandD as well as services processes -both core and non-core, but limits only to the domestic area.

(d) Includes off-shoring.

Answer: (b) Limits only to negotiating out of non-core business.

FAQs (Frequently Asked Questions)

Information is equal to the power in the twenty-first century. If a company’s sensitive information falls into the wrong hands, it will result in massive losses for the company. There’s a possibility that it might get stolen or modified along the way by the wrong people. Data is vulnerable to hacking and virus infection. Installing and upgrading antivirus software, as well as scanning files and disks with it, protects files, folders, and computers from viral attacks.

Another risk associated with knowledge interception is transmission. Cryptography is used to protect data against this.

Students can access NCERT Solutions for Class 11 Business Studies Chapter 5 on Extramarks. They can use the solutions to study online or offline.

The key factor driving the expansion of E-businesses is digitisation. Orders are placed, production is monitored, components are delivered, and payments are made using a computer network. The Internet is used by both the consumer and the manufacturer to send and receive business orders. Digitisation has become popular because it eliminates unnecessary expenses, and saves a lot of time.

Outsourcing is a rapidly growing trend that is transforming business. It’s all about contracting out non-core and certain core functions to a third-party specialist on a long-term basis. Its goal is to assist them in making the most of their knowledge and experience. In rare situations, these experts may even decide to invest in the company. The most essential motivation for outsourcing is to save money.

In the last few years, the way people do business has changed dramatically. Emerging business models have risen in recent years, owing to companies’ desire to improve their ability to create utility and offer value. As a result, businesses are always changing. 

The following is a list of different payment methods.

  • Cash On Delivery: This option allows for payment of goods ordered online to be made in cash at the time of physical delivery.
  • Cheque: The web vendor can arrange for the cheque to be picked up from the customer’s end. Goods could be delivered as soon as they are realised.
  • Net Banking Transfer: Banks provide customers with the option of transferring funds electronically via the internet.
  • Credit and Debit cards: Credit and Debit cards are often known as plastic money. These cards are most commonly used to pay for internet transactions. To accept MasterCard as a web payment method, the merchant must first have a safe gateway to collect MasterCard information from its customers. 
  • Digital Cash: To do so, the consumer must first open and fund a checking account, which then issues the customer with equivalent digital cash that may be used for online trading. It’s a lot safer than taking out a loan or using your credit card or debit card.

E-business and outsourcing are rising commercial forms. They have the potential to be genuine game-changers, completely revolutionising the market. The conduct of industry, trade and commerce utilising modern means of communication such as the internet is known as E-business. Outsourcing, on the other hand, is a type of business in which you outsource what you had previously done in-house.