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.
- 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.