State the advantages of e-commerce
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The advantages of e-commerce:
1. Relocation of Point of Sale
2. Flexibility in Payment Methods
3. Creating New Business Connections
4. Increase Product Range
5. Access to a Global Market
6. Reduced Costs and Final Price
1. Relocation of Point of Sale
2. Flexibility in Payment Methods
3. Creating New Business Connections
4. Increase Product Range
5. Access to a Global Market
6. Reduced Costs and Final Price
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Internet is becoming very popular nowadays due to low cost data packs provided by different telecom companies.
The popularity of the internet based websites and services are also increasing accordingly.
Similarly, the e-commerce websites or the online based businesses are becoming very popular due to below mentioned advantages.
1) The customer base in the online platforms are way more bigger than the offline situations.
2) The business runs 24×7 in the online platforms.
3) The communication and advertisment is very efficient in the online platforms.
4) The money transactions through online mediums are indirect advantage.
And many more.
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