Under the EDI electronic data interchange and e-commerce system the parent company design a website and access to that website is given to its main customer for example suppliers and distributers. The website can be accessed through customer provided password. These websites are also connected with the banks of parent company. The distribution and Suppliers Company and its banks.
“e-commerce, also known as electronic commerce or internet commerce, denotes to the buying and selling of goods or services using the internet, and the transfer of money and data to execute these transactions. Ecommerce is often used to refer to the sale of physical products online, but it can also describe any kind of commercial transaction that is facilitated through the internet”.
Out Sourcing:
Outsourcing is a business practice in which a company hires another company or an individual to perform tasks, handle operations or provide services that are either usually executed or had previously been done by the company's own employees.
Every companies have two types of operation
- Core operations
- Minor operations
The core operations are related to the main operations of company directly. While other operations are also the part of the company but they are indirectly related to the core operation of the company. In Modern business the progressive companies have concentrated on the core operation and it has outsourced other operation. Purpose of out sourcing is to reduce the liabilities of the company and increase its operational efficiency.
Investment in Marketable securities:
Marketable securities are short term investment instrument in which the company place their funds for a very short time. Marketable securities are so liquid that it can be converted into cash immediately that’s why we call marketable securities a near to cash instruments. Marketable securities include short-term bonds, treasury bill, repurchase agreements, bankers acceptance, commercial papers, negotiable certificate of deposits, euro dollar.
September 26, 2019