What are the advantages and disadvantages of Online business and Offline business...?
Answers
Answer:
The benefits and disadvantages of online business and offline business
Explanation:
Advantage: Potential Access to a Global Market. ...
Advantage: Reduced Marketing Costs. ...
Advantages: Reduced Building Overhead. ...
Advantage: Automated Systems and Resource Sharing. ...
Disadvantage: Potentially Lower Profit Margins. ...
Disadvantage: Reduced Physical Interactions. ...
Disadvantage: Negative Reviews.
Online Business: There is no face-to-face interaction in e-business. It implies your customer can't physically see a product. All they have to rely upon is product specifications given on the website to take a final call. Offline Business: A customer gets an opportunity for face-to-face interaction in an offline store.
Some Disadvantages That Online Businesses Face
• Lack of Credibility. With a brick-and-mortar company, a certain level of trust exists intrinsically between the customer and the business. ...
• Customer Service Challenges. ...
• Marketplace Saturation.