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Emerging modes of business Quiz-4 Index => Emerging modes of business Quiz-4 Quiz Show all questions <=   => Which of the following is a key feature of outsourcing? ?   Maintaining full control over the outsourced tasks ?   Reducing the need for communication and collaboration ?   Delegating specific tasks to external service providers ?   Eliminating the need for any initial investment What is the scope of e-business? ?   Limited to online advertising ?   Exclusively focused on social media marketing ?   Involves all aspects of business conducted electronically ?   Restricted to in-person sales only What does "EDI" stand for in the context of e-business scope? ?   Electronic Data Integration ?   Electronic Delivery Interface ?   Efficient Data Integration ?  ...

 UNIT  – 4 BUSINESS SERVICES Nature of Services – There is five basic features of service called five “I”s, they are as follows: 1. Intangibility – Services are intangible. We cannot touch or taste or feel them. E.g. one cannot taste a doctor’s treatment, only can experience it. 2. Inconsistency – Services are provided depending upon the demands and expectations of different customers as and when it is needed. Service providers should adjust their offer to closely meet the requirements of the consumers. E.g. Service given by the mobile service providers. 3. Inseparability – Services are produced and consumed at a time. But in case of goods it is not so. 4. Inventory – (No Inventory) since there are not tangible components in services, they cannot be stored for future use. 5. Involvement – It implies the participation of the customer in the service delivery process. Types of Services 1. Business Services – Business includes trade and aids to trade. Banking, Insurance, Transpor...

UNIT – 3 PRIVATE, PUBLIC AND GLOBAL  ENTERPRISES Private Sector Enterprises These firms are owned, controlled and managed by Private businessmen. The main object of such undertaking is profit making. They are as follows: 1. Sole Proprietorship Concerns 2. Hindu Undivided Family Business 3. Partnership Business Organizations 4. Co-operative Societies 5. Joint Stock Companies Public Sector Enterprises These are the enterprises which are owned and managed by the central government or by the state government or by both. The basic purpose of such undertakings is to render service to society. E.g. Railways, LIC, FCI, Post Offices etc. Forms of Public Sector Enterprises Public enterprises are organized as departmental undertakings, public corporations and Government Companies. 1. Departmental Undertakings: These are the undertakings created by the decision of the government, financed and controlled by the Government and it is managed by the government officials under the ultimate control ...