Question

Explain the benefits of E-Commerce to Businesses.

Answer 1

• E-commerce also allows your business to scale up easier than physical retailers as they are not bound by physical limitations like inventory storage space. Of course, logistics gets tougher as a business grows, but one can scale up its logistics, too, with the choice of the right third-party logistics provider.
• Since the e-commerce merchant captures contact information in the form of email, sending out automated and customized emails is quite easy. Additionally, these businesses and metrics allow for superior store customization by using cookies and other methods of monitoring a consumer's behavior.
• Because the entire supply chain can be interlinked with business to business e-commerce systems, procurement becomes faster, transparent, and cheaper, and there's no need to handle currency notes or cash, which further cuts down on costs and opportunities for accounting errors.

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