Differentiate between traditional Business and e-business
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Answer:
Difference Between Traditional Commerce and e-Commerce
Last updated on January 8, 2018 by Surbhi S
traditional vs ecommerceGone are the days when the commercial activities like the exchange of goods and services for money, between parties, takes place only in the traditional mode, i.e. the customer has to go to the market, look at the variety of products, choose the required stuff and the purchasing them by paying the specified amount. But with the advent of e-Commerce, people can buy goods, pay bills, or transfer money in just one click.
Many people, still prefer traditional commerce over e-Commerce, due to their dogma that the latter is not safe, however, this is just a myth. Both modes have their pros and cons, so we have simplified you the difference between traditional commerce and e-Commerce.
Content: Traditional Commerce Vs e-Commerce
Comparison Chart
Definition
Key Differences
Conclusion
Comparison Chart
BASIS FOR COMPARISON TRADITIONAL COMMERCE E-COMMERCE
Meaning Traditional commerce is a branch of business which focuses on the exchange of products and services, and includes all those activities which encourages exchange, in some way or the other. e-Commerce means carryng out commercial transactions or exchange of information, electronically on the internet.
Processing of Transactions Manual Automatic
Accessibility Limited Time 24×7×365
Physical inspection Goods can be inspected physically before purchase. Goods cannot be inspected physically before purchase.
Customer interaction Face-to-face Screen-to-face
Scope of business Limited to particular area. Worldwide reach
Information exchange No uniform platform for exchange of information. Provides a uniform platform for information exchange.
Resource focus Supply side Demand side
Business Relationship Linear End-to-end
Marketing One way marketing One-to-one marketing
Payment Cash, cheque, credit card, etc. Credit card, fund transfer etc.
Delivery of goods Instantly Takes tim