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Ch 4: Emerging Modes of Business

About This Chapter

Check out this chapter to remind yourself about the emerging modes of business. The lessons in this chapter provide a comprehensive approach to studying, allowing you to cover a wide range of topics in a short amount of time, which can prepare you for an upcoming exam or a class discussion.

Emerging Modes of Business - Chapter Summary

Improve your comprehension of the emerging modes of business by reviewing this chapter. Our instructors examine all of the major modes of business, helping you go over such concepts like the technological innovations in business, consumer business conduct, security and privacy, and the scope of business process outsourcing. After you go through every lesson in this chapter, you will be ready to:

  • Describe the impact of the Internet on business interactions and operations
  • Differentiate the buying and selling of m-commerce and e-commerce
  • Compare e-business enabled and e-business enhanced organizations
  • Define the benefits and the process of an electronic funds transfer
  • Explain the uses of smart cards
  • Point out ethical concerns related to managing technology
  • Offer examples of how outsourcing can prove beneficial
  • Show the differences between knowledge process and business process outsourcing

If you need some practice before an upcoming commerce exam, challenge yourself to answer the multiple-choice style quizzes attached to every lesson we offer. Each quiz allows you to measure the extent of your knowledge concerning that lesson topic. The questions may ask you about business terminology, definitions, concept applications, true and false statements, and more.

8 Lessons in Chapter 4: Emerging Modes of Business
Test your knowledge with a 30-question chapter practice test
The Internet's Impact on Business Operations & Interactions

1. The Internet's Impact on Business Operations & Interactions

In this lesson, you will learn how the Internet and other technological innovations have changed the way organizations operate and interact with their stakeholders.

e-commerce & m-commerce: Buying & Selling on the Web & Mobile Devices

2. e-commerce & m-commerce: Buying & Selling on the Web & Mobile Devices

E-commerce and m-commerce have transformed the way that organizations and consumers conduct business. Additional topics discussed in this lesson include B2B, B2C, C2C, and e-government.

E-Business Enhanced and E-Business Enabled Organizations

3. E-Business Enhanced and E-Business Enabled Organizations

Businesses use the Internet in different ways. Some use it as a part of their business, while some use it to run the entire business. In this lesson, we will discuss the differences between e-business enhanced and e-business enabled businesses.

What is an Electronic Funds Transfer? - Definition, Process & Benefits

4. What is an Electronic Funds Transfer? - Definition, Process & Benefits

Learn about what electronic funds transfer is and all the ways you may use it in your daily life. Find out how the process differs from the older paper style and some of the many benefits that you can experience by adopting electronic funds transfer.

Smart Cards: Definition, Uses & Examples

5. Smart Cards: Definition, Uses & Examples

Smart cards offer a slightly different way to pay for your purchases, while protecting your valuable personal information. In this lesson, you'll learn more about smart cards and how they're used.

Ethical Issues in Managing Technology in Business

6. Ethical Issues in Managing Technology in Business

It is a challenge for companies to balance the need for technology with the elements of privacy and security. Let's analyze some ethical issues, such as information security, balancing the privacy of employees with the need for monitoring employees, file sharing, and copyright infringement.

What is Outsourcing? - Definition & Benefits

7. What is Outsourcing? - Definition & Benefits

Outsourcing is a strategy that can benefit a company's bottom line. In this lesson, you'll learn what outsourcing is and some of its benefits as well as look at an example.

Business Process vs. Knowledge Process Outsourcing

8. Business Process vs. Knowledge Process Outsourcing

Outsourcing can be very beneficial to growing companies, but the type of outsourcing needed is a very important decision. In this lesson, we will discuss the difference between business process outsourcing and knowledge process outsourcing.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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