ICT in business questions with actual
answers.
ICT in various business functions. ANS - 1) Accounting
2) Human resource
3) Production
4) Marketing and sales
5) Supply chain management
6) Business communication
Digital economy ANS - An economy that is based on digital technologies, including digital
communication networks, computers, software, and other related information technologies; also called
the Internet economy, the new economy, or the Web economy.
Eg; Ariba, hedgehog, sorcity, dubli.
What are the new business methods in digital economy? ANS - 1) Reverse auctions
2) Group purchasing
3) E- marketplace
Reverse auction ANS - Reverses the role of seller and buyer which means instead of buyers,sellers bid
prices for items.
Benefits and drawbacks of DE ANS - Benefits
1) Reduces the cost of the products.
2) Saves time for both parties.
3) Sellers are required to disclose their prices to each other.
4) May have multiple rounds of bidding.
answers.
ICT in various business functions. ANS - 1) Accounting
2) Human resource
3) Production
4) Marketing and sales
5) Supply chain management
6) Business communication
Digital economy ANS - An economy that is based on digital technologies, including digital
communication networks, computers, software, and other related information technologies; also called
the Internet economy, the new economy, or the Web economy.
Eg; Ariba, hedgehog, sorcity, dubli.
What are the new business methods in digital economy? ANS - 1) Reverse auctions
2) Group purchasing
3) E- marketplace
Reverse auction ANS - Reverses the role of seller and buyer which means instead of buyers,sellers bid
prices for items.
Benefits and drawbacks of DE ANS - Benefits
1) Reduces the cost of the products.
2) Saves time for both parties.
3) Sellers are required to disclose their prices to each other.
4) May have multiple rounds of bidding.
