Explain any two advantages and two disadvantages of E-commerce.
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Advantages of E-commerce :
1. Economical : Lower transaction costs and minimum infrastructure investment, as compared to traditional commerce, make e-commerce products more economical.
2. Comparison shopping : E-commerce allows customers to compare different products from online stores.
Disadvantages of E-commerce :
1. Security : Customers are afraid of online fraud and integrity of payment process.
2. System and data integrity : Virus attacks, hacking and system failures may corrupt databases and cause unnecessary delays.
Hope this helped you.
1. Economical : Lower transaction costs and minimum infrastructure investment, as compared to traditional commerce, make e-commerce products more economical.
2. Comparison shopping : E-commerce allows customers to compare different products from online stores.
Disadvantages of E-commerce :
1. Security : Customers are afraid of online fraud and integrity of payment process.
2. System and data integrity : Virus attacks, hacking and system failures may corrupt databases and cause unnecessary delays.
Hope this helped you.
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Answered by
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Advantages : 1. Convenience - Online stores can be accessed 24 hours a day, 7 days a week. Also, customers do not have to carry shopping bags to a store through crowds and traffic jams.
Disadvantages : 1. Ineffective marketing - Consumer search is not efficient with thousands of websites selling the product or service, there is no guarantee that a particular seller's site is visited.
2. Security - Customers are afraid of online fraud and integrity of payment process.
Disadvantages : 1. Ineffective marketing - Consumer search is not efficient with thousands of websites selling the product or service, there is no guarantee that a particular seller's site is visited.
2. Security - Customers are afraid of online fraud and integrity of payment process.
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