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Business Studies

Traditional Business vs eBusiness

State True or...

Question

State True or False. E-business helps the seller to access the global market, and on the other hand for the buyers a freedom to choose products from almost any part of the world.

A

False

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B

True

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Solution

The correct option is B
True

True. E-business helps the seller to access the global market, and on the other hand for the buyers a freedom to choose products from almost any part of the world. In the absence of internet, globalization would have been considerably restricted in scope and speed.

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Q. helps the seller to access the market, and the buyers have the freedom to choose products from almost any part of the world.

'Market refers to the place, where buyers and sellers gather together to see different items displayed.' State true or false.

Q. Choose the correct option.

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Statement 2: There must exist a business relationship between the potential sellers and buyers, else the market may collapse.

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