11th NCERT Business Studies Chapter 5
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– Important Topics:
1. Meaning of e-business
2. Process of online buying and selling in e-business
3. Differences between e-business and traditional business
4. Benefits of switching to electronic mode
5. Requirements for a firm's initiation into e-business
6. Major security concerns in electronic business
7. Business process outsourcing (BPO)
8. Scope of business process outsourcing
– Summary:
– The chapter discusses the transformation in business methods known as emerging modes of business, focusing on digitization, outsourcing, and globalization. It covers aspects such as e-commerce, the scope of e-business, different types of commerce like B2B and B2C, and the factors driving the adoption of e-business and outsourcing as new business trends【4:0†source】.
What term is used to describe the process by which a machine imitates human behavior?
Artificial Intelligence
Define the term 'Machine Learning'.
Machine Learning is a subset of artificial intelligence that provides systems the ability to learn and improve from experience without being explicitly programmed.
Explain the concept of 'Supervised Learning'.
Supervised Learning is a type of machine learning where the model is trained on a labeled dataset, meaning the algorithm learns to predict outputs based on input data.
What role does 'Backpropagation' play in neural networks?
Backpropagation is a method used in artificial neural networks to calculate the gradient of the loss function with respect to the weights of the network, allowing for the optimization of the network through adjustment of the weights.
How does 'Unsupervised Learning' differ from 'Supervised Learning'?
Unsupervised Learning differs from Supervised Learning in that the model is trained on an unlabeled dataset without explicit feedback, allowing the algorithm to find patterns and relationships in the data on its own.
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