7/22/2019 Chapter 10 BS 2 2PUC - Business studies Notes
1/3
Business Studies
January 1, 2012
Chapter 10
Computers in Business
Meaning
E-Commerce is the buying and selling of products and services by
businesses and consumers through
an electronic medium, without using any paper documents.
E-commerce is widely considered the
buying and selling of products over the internet, but any
transaction that is completed solely
through electronic measures can be considered e-commerce.
Opportunities in E-Commerce
a) B2C stands for Business to Consumer as the name suggests, it
is the model taking businessesand consumers interaction. Online
business sells to individuals. The basic concept of thismodel is to
sell the product online to the consumers.
b) B2c is the indirect trade between the company and consumers.
It provides direct sellingthrough online. For example: if you want
to sell goods and services to customer so that
anybody can purchase any products directly from suppliers
website.
c) B2B stands for Business to Business. It consists of largest
form of Ecommerce. This modeldefines that Buyer and seller are two
different entities. It is similar to manufacturer issuing
goods to the retailer or wholesaler. Dell deals computers and
other associated accessories
online but it is does not make up all those products. So, in
govern to deal those products,
first step is to purchases them from unlike businesses i.e. the
producers of those products.
Benefits of E-Commerce
a) Improvement of productivityb) Less Clerical workc) Secure and
safe workd) Reduction in manpower requiremente) Fastest processing
of transactionsf) Business is on-line and near real timeg) Lower
costh) Better marketingi) Gaining new customers
j) Affordabilityk) Reduced Timel) Reduced inventoriesm) Better
qualityn) Brand image
7/22/2019 Chapter 10 BS 2 2PUC - Business studies Notes
2/3
Business Studies
January 1, 2012
Resources Needed for Implementation of E-Commerce
a) Hardwareb) Software Requirementsc) Networkd) Service
Infrastructuree) Trained Workforce
Accounting Packages
a) General Purpose Accounting Packages: These type of
softwarescan be used by any industryand is the most widely used
package. They are standard packages that adhere to the norms
that are set by the government. The most common features
available are:
Creation of ledgers Preparing trial balance Preparing balance
sheet Printing of vouchers
b) Special Purpose Accounting Package: These are accounting
packages that are developed bythe company exclusively for their
use. They use the accounting packages to maintain records
such as payroll accounting and inventory accounting. They might
have their own parameters
for evaluating items. To build such packages, organizations will
have a separate wing to
develop or have it outsourced to a software development
company.
Role of Accountant in IT Field
Accountant is a person who understands the implications of a
particular transaction. The role of an
accountant can be elaborated as follows:
a) Preparing, analyzing and verifying various financial
documents.b) Assists in the development of application packages
that not only helps corporate houses but
also small and medium scale businesses.
c) Tests effectiveness of accounting packaged) Applying
analytical review procedures, transactions or balance details may
be reviewed and
reports printed.
e) Provide for backup of certain files that are not retained for
a longer durationDBMS (Database Management System)
A database is an organized collection of data for one or more
purposes, usually in digital form. The
data are typically organized to model relevant aspects of
reality (for example, the availability of
rooms in hotels), in a way that supports processes requiring
this information (for example, finding a
hotel with vacancies). This definition is very general, and is
independent of the technology used.
A database management system (DBMS) is a software package with
computer programs that control
the creation, maintenance, and use of a database. The different
types of DBMS software available
are MS-Access, Sybase, Oracle, MS-SQL etc
