კატეგორია: Forex Trading

What is e-business concept and how is it essential for a successful business? It describes the basic information of the business including goals, vision, products, and offers from which it will earn revenue. The effective concept is based on market analysis that will identify the customers’ interests to purchase the product and how much they can pay for it. Companies with online stores have been able to reap the rewards while those without have been playing catchup, desperately trying to reconnect with their audience. The shift to e-commerce has been a setback for many brands, but one that many major brands have managed to hurdle past and begin to see the benefits of in terms of sales. But for small and local businesses, making the jump to online is a far larger one.

There are management issues and public policy issues that need to be considered before online purchasing. The measurement and profitability related issues come under management issues, while copyright, censorship related issues, and legal aspects come under public policy related issues. Online publishing uses both business-to-business (B2B) and business-to-consumer (B2C) models. The communication and interaction of customers with suppliers has become easier.Financial transactions have become efficient and that allows both customers and suppliers to concentrate on other fronts. It’s worth noting that new technologies like the internet of things will likely increase the importance of other e-businesses not mentioned here.

What is E-Commerce and its Types?

E-business creates huge data security risks — for example, because customers are often required to provide sensitive information, such as contact information and credit card numbers, during e-business transactions. This information is enticing to hackers and particularly vulnerable to data breaches, so e-business website owners are responsible for incorporating methods like data encryption to ensure secure transactions. Failure to ensure data integrity and incorporate appropriate data security measures can lead to costly fines and the loss of customer brand loyalty. Some organizations have limited e-business capabilities — for example, a small business that processes payments using a mobile payment service but uses no other digital services.

E-business allows owners to embrace their power in ways they haven’t been able to before. It sources the materials and components needed to produce its products and services. The e-business must have a security system in place to protect customer data and transactions.

Fulfillment by Marketplace

1. Online marketplaces are similar to online stores, but they typically offer a wider range of goods and services.
2. Affiliate marketing is when a third party, such as an influencer, blogger or website owner, creates content to promote your products and services.
3. E-businesses can create competitive pressure for businesses as they attempt to keep up with the latest technology trends.
4. In fact, it is the method of utilizing digital information and advanced communication technologies to streamline different business processes – from the initial to the implementation phase.

What are your thoughts about the growth of e-business processes in comparison to traditional business processes? E-business has transformed the way businesses operate and conduct their selling activities. The e-business must have a customer service system in place so that customers can easily get help and support when they need it. The e-business must have a shipping and fulfillment system in place so that products can be delivered to customers in a timely and efficient manner. The freemium model offers a basic level of service for free, with additional features available for a fee.

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To make things easy and convenient for them, offer a self-help knowledge base, live chat, phone and email importance of e business support. Short message service, or SMS, marketing is similar to email marketing but uses text messages to send promotions to customers. Along with email marketing, it requires customers to opt in or sign up for your texts.

Email marketing uses email to send target messages and promotional content to new or prospective customers. It’s an affordable strategy that involves an email list of individuals or businesses who are or may be interested in your brand. Original, high-quality content educates and interests your audience so that they trust your brand and eventually become loyal to it. The most common forms of content marketing include blogs, newsletters, videos, social media posts, white papers and videos.

With influencer marketing, you can increase your reach and social engagement. It can be difficult to improve your online store if you don’t know what’s working and what’s not. With an e-commerce strategy, you’ll be able to view data related to your target audience and their actions. You can use this information to make changes and improvements as needed. Among the advantages of having an online store, there is no doubt that it also includes improving the image of your company. Offering a good online sales platform to users will give your company a great corporate appearance.

These tasks include archiving information, deriving data insights, recording financial transactions and personalizing interactions with customers. Acquiring economic resources for producing goods and services is much easier when using business technology. Owners and managers can purchase the cheapest goods available using e-business websites. E-business, also known as e-commerce, is the avenue companies use to sell goods and services via the Internet. The past several years have seen an explosion in the world of business technology. Companies implement technology to create a competitive advantage in the business environment.

Improve customer service

Online procurement platforms such as SAP Ariba and Coupa are used by businesses to streamline their procurement process. The process of supply chain management is an important part of e-business. E-business enables businesses to manage their supply chains more effectively and efficiently.

1. First/initial wages are the highest cost for a business and capable workers may not be available all the time.
2. Businesses need to ensure that their website and payment system are secure to avoid data breaches and fraud.
3. Hotels, Airbnb and Vrbo are popular examples of rental e-commerce, but companies also rent cars, RVs, ice shacks and even puppies.
4. First and foremost, do your research and learn about the different e-commerce platforms at your disposal.
5. Opening an e-business means freedom – freedom of location, freedom to dictate the hours you work, and the freedom to push your company where you want it to go in ways that best suit your lifestyle, goals and needs.

Particular business processes or groups of processes that are required to implement the business concept are known as activities. The operational business model is used to identify the costs/expenses and outputs of each activity. E-commerce takes place through brand websites, apps, email ordering, social media and marketplaces. Just like traditional on-site businesses where no one building type fits every business, no single e-commerce style works for all. The goal is to match your e-commerce outlet to the needs of your customers and company. All types of businesses rely on effective marketing to drive growth and sales, but online marketing techniques are very different from traditional offline methods.

Benefits of e-business

Digital systems that power e-business can also extend an organization’s reach beyond its brick-and-mortar walls. Cloud-based business applications enable remote and hybrid workers to perform their jobs in the office, from their home and other locations. Similarly, cloud-based apps and the internet allow business transactions 24/7 so even solo practitioners and small businesses can conduct business globally. Therefore, make use of SSL to secure your customers’ online shopping experience. This will be not only be necessary for the customer’s business account but to use of even more sensitive data such as credit card information with complete peace of mind. Having an eCommerce store can be used to broaden your range of products/services for sale, expand your business, bring you more customers, and diversify your sales.

E-Business: Definition, Meaning, Types and Components

Any particular company cannot provide anything and they also need different products/services to execute their business processes. So, it is a kind of business model in which the customers or users create a service/product that is used by the company. For example, any freelance designer is creating a logo and any business can use his services as they need. Anyone can buy products or services by making online payments using credit cards, cash on delivery, and other payment methods. It is also known as supplier exchange in which business to business, business to government, business to consumer, and sales of services are made with the help of the internet. Basically, e-procurement is a way adopted by companies to reduce costs and efforts by sourcing products or services electronically.

So, any customer who has received the products with any technical or physical problems of products, can easily return their products within a specified period. It is the method to settle all the remaining charges, like delivery costs or extra products care expenditure. Billing is the process that enables customers to pay for the products by Visa, cheque, ATM, or other available payment methods.

Without importance of e business being tied down to a physical location, you can create a healthy work-life balance. E-business means you can be there for your family or go to school or pursue your passions while crafting a business that works for you. E-business allows people to communicate in several ways that facilitate understanding. Since then, the words “e-business” and “e-commerce” have been used interchangeably in common parlance, having become a part of the vernacular. The US Department of Commerce claims that projected retail e-commerce sales in Q are expected to account for almost 12% of total US retail sales, up from 4% in Q1 2010. Corporate strategies are also embedded in the e-business concept and describe how the business concept will be implemented and can be modified in order to enhance business performance.

thought on “Benefits of E Business – 10 Advantages of E business E Business Solutions”

The products will be delivered within a given time slot at the right address. Once the order is confirmed, the company ensures the right item in the right quantity, time, place, price, and condition to the right customer. This phase includes the booking of products available on the website, such as desktops, laptops, or necessary accessories.

E-business is here to stay and will continue to grow in popularity in the years to come. If the customer decides to purchase the product, they complete the purchase through the organization’s e-commerce system. The e-business must have a sustainable business model that will generate revenue and profit.

The magnetic effect of electric current can also be easily shown by placing a magnetic compass near a wire which is carrying electric current. We see that the needle of the compass is deflecting, which proves that a magnetic field is produced near the wire. The right-hand rule dates back to the 19th century when it was implemented as a way for identifying the positive direction of coordinate axes in three dimensions. William Rowan Hamilton, recognized for his development of quaternions, a mathematical system for representing three-dimensional rotations, is often attributed with the introduction of this convention. Following a substantial debate,2 the mainstream shifted from Hamilton’s quaternionic system to Gibbs’ three-vectors system. This transition led to the prevalent adoption of the right-hand rule in the contemporary contexts.

If your thumb is the current, your fingers will be the magnetic field. With your thumb pointing toward your face, or out from your computer screen (the direction of the current), your fingers will curl in a counter-clockwise direction. With your thumb pointing away from your face, or toward your computer screen (the direction of the current), your fingers will curl in a clockwise direction. With your thumb pointing to the left (the direction of the current), your fingers will curl in a counter-clockwise direction. To understand how Lenz’s Law will affect this system, we need to first determine whether the initial magnetic field isincreasing or decreasing in strength.

Rotational Direction: Current-Carrying Wires

1. The lines of magnetic flux are in the shape of concentric circles and perpendicular on the conductor (at right angle of 90o) as shown in fig.
2. The hardest part of right-hand rule is imagining the different axes and envisioning how they are perpendicular to each other.
3. Once a tutor clears up the basic concept for the student, it will be easier for them to understand the complex topics thereafter.
4. The rule can be applied using the left hand by reversing the direction of the vectors.
5. For example, when a wire carrying an electric current is placed in a magnetic field, a force is exerted on the wire due to the interaction between the magnetic field and the current.

It reveals a connection between the current and the magnetic field lines in the magnetic field that the current created. Ampère was inspired by fellow physicist Hans Christian Ørsted, who observed that needles swirled when in the proximity right hand grip rule of an electric current-carrying wire and concluded that electricity could create magnetic fields. When an electric current passes through a straight wire, it induces a magnetic field. To apply the right hand grip rule,align your thumb with the direction of the conventional current (positive to negative) and your fingers will indicate thedirection of the magnetic lines of flux. In simple words, a current carrying conductor creates a magnetic field around it.

As the magnetic north pole gets closer to the loop, it causes the existing magneticfield to increase. Since the magnetic field is increasing, the induced current and resulting induced magnetic field willoppose the original magnetic field by reducing it. This means that the primary and secondary magnetic fields will occur inopposite directions. When the existing magnetic field is decreasing, the induced current and resulting induced magneticfield will oppose the original, decreasing magnetic field by reinforcing it. Thus, the induced magnetic field will have thesame direction as the original magnetic field.

Use of Fleming’s Left Hand Rule Application

Then, curl your fingers toward the second vector listed in the cross product without moving your palm. You must rotate your hand to whatever orientation it requires for this to be possible, while keeping your thumb perpendicular to your fingers through the entire process. In the example depicted below the cross product points “out” of the page, the same direction as the thumb. The various right- and left-hand rules arise from the fact that the three axes of three-dimensional space have two possible orientations.

Positive and Negative Torques

A Danish physicist Hans Christian Orsted in 1820 discovered the relation between electricity and magnetism which states that “when current flows in a straight conductor, a magnetic field is produced in it. The polarity and density of the magnetic field depends on the direction and amount of current flowing through the conductor”. When viewed at a position along the positive z-axis, the ¼ turn from the positive x- to the positive y-axis is counter-clockwise.

However, it seems that the right hand rule is applied to other aspects of physicsas well. For example, André-Marie Ampère, a French physicist and mathematician, created a right hand rule for circuits and electric currents. This is used when a vector must be definedto represent the rotation of a body, a magnetic field, or a fluid. This right hand rule works exactly the same way as the one I have described above. Your thumb will point to the right, in the direction of the particle’s velocity.

Extend your middle finger and align it with the second vector while keeping your ring and pinkie fingers closed. This will force you to orient your hand in such a way that your thumb will point in the direction of the cross product. Since the threads of a screw are in circular shape, the same is the case for magnetic field lines (which are in circular form). The relation between current and magnetic field is shown in the following fig using cork screw rule.

One of the most common applications of the right-hand rule is in electromagnetism. For example, when a wire carrying an electric current is placed in a magnetic field, a force is exerted on the wire due to the interaction between the magnetic field and the current. The direction of this force can be determined using the right-hand rule.

Another reputed name in the list of best traders in India is Sunil Singhania who has a portfolio worth Rs. 2,248 crores. Being the CIO of Reliance Mutual Fund, he enjoys a special position in the hearts of stock investors and traders in the industry. India is a land of chance, and its stock market is among the most popular ones in the world. The stock market has enormous potential for wealth growth if you play your cards right.

1. Mr. White and White, Radhakrishnan Damani, rise to be one of the biggest trader has been extraordinary.
2. The size of profits raked in by high-frequency trading firms shows how individual traders face long odds when competing against larger and better-funded players.
3. Considering Pani his mentor, Amit diligently honed his skills before resuming his journey as an options trader.
4. While the process changes per options broker, it remains relatively straightforward.
5. First, we provide paid placements to advertisers to present their offers.

Top 10 Traders in India 2023

Another one is Radico Khaitan Ltd. where he has invested Rs.150.8 crore. His active involvement in educating new investors makes him a hot favorite among people who want to have a profitable stock investment journey. The performance of investors’ portfolios was evaluated for a period of five years. The process is similar to that of the short-term but the time horizon, in this case, is five years. However, we recommend at least a beginner options course to walk you through calls, puts, strategies, opening, closing, and margin trading.

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Forbes estimates his net worth as $125 billion, making him one of the world’s wealthiest people. Warren Buffett made some beginner mistakes despite his financial expertise like other traders in India. The most dynamic stock investors who have invested across diverse stocks with varying capitalization are Rakesh Jhunjhunwala and RK Damani.

His portfolio’s value surged by 10.85% in the last one year whereas by an enormous 724% in the richest option trader in india past five years. His portfolio’s worth jumped from Rs.493 crores in 2016 to Rs.1,698 crores in 2021, accumulating an overall growth of nearly 250%. If you have an inclination towards finance stocks, you may choose to follow his strategy and investment tips. His bucket is full of multibagger stocks like PDS Multinational Fashion Ltd., Delta Corp., Gati Ltd., and many others. Mukul Agarwal has a portfolio worth Rs. 2,356 crores as of September 2021. Mr. Jhunjhunwala realized a short-term portfolio growth of 86.78% in the last one year.

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He is a successful businessperson and offers value-oriented wealth management and financial advisory services in Patna. He regularly made appearances as a motivational speaker and TedX speaker. Some of the major holdings he has are Titan Company Ltd. with shares worth Rs.10,131.1 crores. The next is the shares of Tata Motors Ltd.’s of value Rs.1,805.9 crores.

However, stock trading is quite risky, and only a few renowned traders can make consistent profits from it. The selection of these top stock traders in India is done after a thorough evaluation of their performances across different parameters. Some of them are their absolute returns, total worth, new investment strategy, market reputation, diversification, and others. Investingintheweb.com does not provide any offer or solicitation to buy or sell any investment products, nor does it constitute an offer to provide investment advisory services.

Top Traders in India – List of Successful Stock Market Investors 2024

The size of profits raked in by high-frequency trading firms shows how individual traders face long odds when competing against larger and better-funded players. India’s $4.6 trillion derivatives market grabbed global attention in April after US-based Jane Street Group revealed that a strategy used in the country generated $1 billion in profits. This news has drawn attention to India’s options market, which is staggeringly large. According to the Futures Industry Association (FIA), a trade body, the country accounted for 84% of all equity option contracts traded globally last year, up from 15% a decade ago. The volume of contracts last year touched 85bn and has more than doubled every year since 2020 (see chart).

Short-selling stocks—a way to bet on a falling share price—is not easy in Indian markets. High taxes and government scrutiny have deflated interest in cryptocurrency trading. That leaves equity options as the only outlet for those seeking quick profits. These articles have been prepared by 5paisa and is not for any type of circulation.

“Rare Enterprises” offers the resources used by Mr Jhunjhunwala. It was given that name because it combined his significant other’s character and initials. Mutual Fund, Mutual Fund-SIP are not Exchange traded products, and the Member is just acting as distributor.