list the advantages and disadvantages of e-commerce
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Understanding the advantages of ecommerce
1)Faster buying process.
2)Store and product listing creation.
3)Cost reduction.
4)Affordable advertising and marketing.
5)Flexibility for customers.
6)No reach limitations.
7)Product and price comparison.
8)Faster response to buyer/market demands.
Limitations of Disadvantages of E-Commerce
1)Security. The biggest drawback of e-commerce is the issue of security.
2)Lack of privacy. Many websites do not have high encryption for secure online transaction or to protect online identity.
3)Tax issue-Sales tax is another bigger issue when the buyer and seller are situated in different locations. Computation of sales tax poses problems when the buyer and seller are in different states. Another factor is that physical stores will lose business if web purchases are free from tax.
4)Product suitability.
5)Cultural obstacles- E-commerce attracts customers from all over the world. Habits and culture of the people differ from nation to nation. They also pose linguistic problems. Thus, differences in culture create obstacles to both the business and the consumers.
6)High Labour cost.
7)Legal issues.
8) Fear-People fear to operate in a paperless and faceless electronic world. Some of the business organizations do not have physical existence, People do not know with whom they are conducting commercial transactions. This aspect makes people to opt physical stores for purchases.
1)Faster buying process.
2)Store and product listing creation.
3)Cost reduction.
4)Affordable advertising and marketing.
5)Flexibility for customers.
6)No reach limitations.
7)Product and price comparison.
8)Faster response to buyer/market demands.
Limitations of Disadvantages of E-Commerce
1)Security. The biggest drawback of e-commerce is the issue of security.
2)Lack of privacy. Many websites do not have high encryption for secure online transaction or to protect online identity.
3)Tax issue-Sales tax is another bigger issue when the buyer and seller are situated in different locations. Computation of sales tax poses problems when the buyer and seller are in different states. Another factor is that physical stores will lose business if web purchases are free from tax.
4)Product suitability.
5)Cultural obstacles- E-commerce attracts customers from all over the world. Habits and culture of the people differ from nation to nation. They also pose linguistic problems. Thus, differences in culture create obstacles to both the business and the consumers.
6)High Labour cost.
7)Legal issues.
8) Fear-People fear to operate in a paperless and faceless electronic world. Some of the business organizations do not have physical existence, People do not know with whom they are conducting commercial transactions. This aspect makes people to opt physical stores for purchases.
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