Q. Discuss five advantages of e-business. (5marks) (2016/2018)
-> E-business refers to all business transactions and functions conducted electronically.
Advantages of e-business:-
a) Easy to form- It is very easy to start e-business because lots of procedures required for traditional business are not required for e-business.
b) Requires Less Investments- Both big and small businesses get the benefits of the internet equally. Thus even one start of a small business with less investment can derive the benefit of e-business.
c) Convenience- Internet offers the convenience of 24 hours X 7 days a week with a less investment- i.e. one can access anything, anywhere, anytime.
d) Speed- Any business transaction can be made simply at the click of the mouse button.
e) Global reach/access- In e-business both businessmen and consumers have no national boundaries because the internet is without such boundaries.
What is e-business? (2marks) (2017)
-> E-business refers to all business transactions and functions conducted electronically. It may be defined as the conduct of industry, trade and commerce using the computer networks.
The scope of e-business:-
1) B2B Commerce.
2) B2C Commerce.
3) Intra-B Commerce
4) C2C Commerce.
Q. Name the documents necessary for the incorporation of a company. (5marks) (2015)
-> The documents which are required for the incorporation of a company:-
1) Memorandum of Association.
2) Articles of Association.
3) Consent of proposed directors.
4) Agreement if any, with the proposed managing or whole time director.
5) Statutory declaration.
Q. Name the documents necessary for the incorporation of a company. (5marks) (2015)
-> The documents which are required for the incorporation of a company:-
1) Memorandum of Association.
2) Articles of Association.
3) Consent of proposed directors.
4) Agreement if any, with the proposed managing or whole time director.
5) Statutory declaration.
