Modern Modes of Business

Normally, to buy goods and services we visit the nearby market.
To book the train tickets we go to the rail reservation counters.
To make deposits and withdrawals of money we visit banks personally
Now-a-days all these facilities are available at our doorstep.
All these transactions are now being done with the help of Internet.
We can visit the world market at any time just sitting at our home.
We can avail of many facilities without visiting the shops or the market physically.
All these developments are the result of the changes in the economic policies effected by the government.
Learn in details about all these modern modes of business.

Mode of Business

To buy goods and services we usually go to a nearby market personally where buyers and sellers get together for transactions.
The buyers check the quality and bargain the price.
These are the common modes of business transactions.
The activities of production, marketing, selling, banking, insurance etc. are all carried on at a faster speed through the use of computers and Internet.
When all these activities are carried on electronically it is commonly referred to as ‘Electronic Business’ or ‘e-Business’.
Internet plays an important role in all e-Business activities

The Internet, sometimes called simply the ‘net’, is a worldwide system of computer network through which the users at any computer can access the information from other computers.
It provides information regarding
- Science and technology
- History
- Politics
- Sports
- Business
- Current events
- Music
- Entertainment
- News
- Many more topics