1. e-commerce is concerned with the firm’s dealings with its customers, clients or suppliers. Conversely, e-business refers to undertaking industry, trade, and commerce, with the help of information technology and communication.
2. e-commerce is nothing but buying and selling of goods around the web. On the contrary, e-business is a little different as it is not limited to, commercial transactions, but it also provides other services.

Manufacturing and trading beyond the geographical boundaries of a country is known as international business. The development of communication, technology and infrastructure etc make it possible. New modes of communication and development of faster and more efficient means of transportation have brought nations closer to one another as a result of which trade between them can take place. Following are the main reasons behind international business.

The characteristics of business are as under:
An economic activity
Business is considered to be an economic activity because it is undertaken with the objective of earning money or
livelihood and not because of love, affection, sympathy or any other sentimental reasons.
Production or procurement of goods and services
Before goods are offered to the people for consumption, they must either be produced or procured by the business
enterprise. Thus, every business enterprise either manufactures the goods it deals in or it acquires them from producers,
to be further sold to the end user.
Sale or exchange of goods and services
Business involves transfer or exchange of goods and services for value. If goods are produced not for the purpose of sale
but say for internal consumption, it is not a business activity. Thus, the important characteristics of business is that there
should be exchange of goods between the buyer or the seller.
Dealing in goods and services on a regular basis
Business is a ongoing activity. it involves dealings in goods or services on a regular basis. One single transaction of sale
or purchase does not constitute business.
Profit earning
One of the main purpose of business is to earn profits. No business can survive for long without earning profit. That is
why businessmen make all possible efforts to maximize profits, by increasing the volume of sales or reducing costs.
Uncertainty of returns
 Uncertainty of return refers to the lack of knowledge relating to the amount of money that the business is going to earn
in a given period. Every business invests money to run its activities with the objective of earning profits. However, the
amount of profits that can potentially be earned is not consistent. Additionally, there is a possibility of losses being
incurred, in spite of the best efforts put into the business.
Elements of risk
Risk is the uncertainty associated with an exposure to loss. It is caused by some unfavourable or undesirable event. The
risks are related with certain factors like changes in consumer tastes and fashions, changes in methods of production,
strike or lockout in the work place, increased competition in the market, fire, theft accidents, natural calamities etc.

Indemnity means when a person promises to save the other party from the loss caused from the conduct of promisor or by the conduct of any other person. And in the insurance of fire , insurance company promises to pay a certain amount when the property is destroyed by the fire.

(i)Equity shares.
(ii) Retained earnings.

She is not right. There is always an element of risk involved in business.

1. Sources of Income: Investors invest their money in the business with the sole purpose of earning profit, since profit is a source of income, it is therefore provides the owners of business the mean with which they and their family members can live a comfortable life.
2. Continuity of Business: The incentive of earning profit keeps the man engaged in business activities. A business can only grow and gain strength if it earns profit. So earning of profit is necessary for the continuity of business.
3. Expansion of Business : One of the roles of profit in business is that businessman retains and reinvests a part of its profits in business undertaking stands on sound footing. It can expand and diversify business not only from reinvestment of funds but also getting loans from external sources for business.
4. Reward of Risk Bearing: Profit is the reward for bringing new products or processes to the market. It is a reward for a risk successfully undertaken. Profit, therefore, is a reward for the future which is uncertain.
5. Profit and Economic Development: Another role of profit in business is economic development. Profit and economic development are closely related with each other. If the firms are not earning profit then there is no economic progress in the country. If there is no economic development there is no profit to the business.
6. Profit Acts as Measure of Efficiency: Profit acts as an index of performance for business, if the business firms are earning profits. It shows that the country is progressing satisfactorily

universal product code

The principal export documents are the following:

1. Commercial invoice : This document contains the details of goods supplied by the exporter. The common contents of this document are name of buyers and sellers, quanity and price of product, date of sailing, marks made on packings, etc. This document is necessary for taking clearance from the Excise Commissioner, Custom Authority, Export Inspection Agency, etc.
2. Packing list: This list contains the date of packing, order number, corresponding invoice number, bill of lading number, details of shipping details of sailing, details of goods in each packet, etc.
3. Bill of lading : It is a very important transport document. It is issued by the shipping company when the exporter surrenders the mate’s receipt.
4. Airway bill : This document is the same as bill of lading with the only diffrence that it is issued by the airway company and not by the shipping company when goods are transported through airways, then instead of Bill of Lading the exporter gets Arways Bill.
5. Certificate of inspection : This certificate is issued by the export inspection agency. This certifies that export consignment has been inspected as per the specification of Export (Quality Control and Inspection) Act.
6. Certificate of origin : This certificate is issued by the Chamber of Commerce or by Export Promotion Council or by a government department. This document certifies that the goods to be exported are originally from the home country only or exporter’s country only.

Every business is subject to one or the other kind of risk. No business can avoid risk. Though risk can be minimized but can’t be eliminated.

Debit Note :This is referred to a note that is issued by the business to the other concerned parties. It represents the details and reasons for debiting the concerned party's account.
Example: Goods worth Rs 2,000 returned by the business to  Mr. Ramesh (a supplier).
In this case, Ramesh's Account will be debited with Rs 2,000 as the goods purchased from him were returned to him. A issue of Debit Note in this case explains that Ramesh A/c has been debited with Rs 2,000 with explanation, i.e. due to the goods returned by the business.

Retailers who do not have any fixed place to carry out their business activities are known as itinerant traders. They have to move from one place to another along with their goods in search of consumers.

Terror Sector