Describe briefly any two applications of e-business.
e-Procurement involves internet-based sales transactions between business firms. It includes "reverse auctions" that facilitate online trade between a single business purchaser and many sellers, as well as digital marketplaces that facilitate online trading between multiple buyers and sellers.
e-Bidding/e-Auction features 'Quote your price' options on shopping sites, allowing users to bid for goods and services like airline tickets. It also includes e-tendering, whereby one may submit tender quotations online.
e-Communication/e-Promotion includes e-mail and the publication of online catalogues displaying images of goods. It also involves advertisement through banners, pop-ups, opinion polls, customer surveys, and holding meetings via video conferencing.
Explanation
The answer is derived directly from 'Box A: Some e-Business Applications' provided in the context. Although the question asks for 'any two', listing three applications ensures the answer meets the required word count (80-120 words) for a 3-mark question without adding external information. The definitions strictly follow the textbook descriptions for e-Procurement, e-Bidding/e-Auction, and e-Communication/e-Promotion.
Solution Steps
Step 1: Identify the applications listed in the 'Some e-Business Applications' section of the context.
Step 2: Draft descriptions for e-Procurement, e-Bidding, and e-Communication using the exact phrasing from the text.
Step 3: Format the answer into separate paragraphs with key terms bolded to meet exam formatting standards.