Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Emerging Modes of Business

Question:

Match List – I with List – II.

LIST I

LIST II

 A. Internet-based sales transactions between business firms

 I. e-Trading

 B. Quote your price

 II. e-Procurement

 C. Publication of online catalogues

 III. e-Bidding

 D. Online buying and selling of shares

 IV.  e-Communication

Choose the correct answer from the options given below :

Options:

A-IV, B-I, C-II, D-III

A-II, B-III, C-IV, D-I

A-III, B-II, C-IV, D-I

A-I, B-III, C-IV, D-II

Correct Answer:

A-II, B-III, C-IV, D-I

Explanation:

The correct answer is option 2- A-II, B-III, C-IV, D-I.

LIST I

LIST II

 A. Internet-based sales transactions between business firms

 II. e-Procurement

 B. Quote your price

 III. e-Bidding

 C. Publication of online catalogues

 IV.  e-Communication

 D. Online buying and selling of shares

 I. e-Trading

Internet-based sales transactions between business firms- e-Procurement: It involves internet-based sales transactions between business firms, including both, “reverse auctions” that facilitate online trade between a single business purchaser and many sellers, and, digital marketplaces that facilitate online trading between multiple buyers and sellers.

Quote your price- e-Bidding: Most shopping sites have ‘Quote your price’ whereby you can bid for the goods and services (such as airline tickets!). It also includes e-tendering whereby one may submit tender quotations online.

Publication of online catalogues- e-Communication: Right from e-mail, it includes publication of online catalogues displaying images of goods, advertisement through banners, pop-ups, opinion poles and customer surveys, etc. Meetings and conferences may be held by the means of video conferencing.

Online buying and selling of shares- e-Trading: It involves securities trading, that is online buying and selling of shares and other financial instruments. For example, sharekhan.com is India’s largest online trading firm.