Answer in one sentence
1) What is E-business?
Ans: E-business means using the internet to connect people and process. E-business establishes more closer and responsive relationship with partners, employees, and suppliers.
2) What is outsourcing?
Ans : Outsourcing is the process of contracting a business function or any specific business activity to specialized agencies mostly the non-core areas such as sanitation, security, household pantry, etc. are outsourced by the company. The company makes a formal agreement with the agency.
3) What is Online Transaction?
Ans: Online transaction is done with the help of the internet. It can’t take place without a proper internet connection. Online transactions occur when a process of buying and selling takes place through the internet.
4) What is a shopping cart?
Ans: The shopping cart gives a record of all the items selected by the buyer to be purchased, the number of units or quantity desired to be bought per item selected, and the price for each item.
5) What is digital cash?
Ans: Digital Cash is a form of electronic currency that exists only in cyberspace and has no real physical properties, but offers the ability to use real currency in an electronic format.
6) What is BPO?
Ans: Business process outsourcing or BPO is a business practice in which one organization hires another company to perform a task (process) that the hiring organization requires to operate its own business successfully.
6) What is KPO?
Ans: KPO is the sub-segment of BPO, in which the outsource service provider is hired not only for its capacity to perform a particular business process or function but also to provide expertise around it.
7) What is LPO?
Ans: LPO is a type of KPO that is specific to legal services, ranging from drafting legal documents, performing legal research to offering advice.