What is e-commerce discuss its advantages and disadvantages?
Answers
There are several advantages and disadvantages of e-commerce.
(i) Advantages: The advantages of e-commerce are as following:
(a) E-commerce is a quick way of selling and purchasing goods/services.
(b) E-commerce is economic as it has less physical requirements.
(c) Through e-commerce national and international audience can be easily accessible.
(d) By e-commerce production cost becomes low.
(ii) Disadvantages: The disadvantages of e-commerce are as following:
(a) E-commerce is not a reliable as the goods are not tangible.
(b) It completely relies on the service of internet.
(c) E-commerce is a competitive market; monopoly is impossible.
(d) Shipment of goods may create problem or delay etc
Answer:
E-commerce is act of selling goods or services online to various consumers in a wide range.
Explanation:
E-commerce, in general as opposed to selling at brick and mortar establishments, has reshaped the modern market places in recent years, but this new form of trade comes with its own sets of advantages and disadvantages as explained bellow.
• Advantages
>The product on sale reaches wide range of people at the same time.
>Any information about the product that is being sold online reaches wide range of people without distortion of the information.
>It is a cheap way to trade since it costs less to post a product for sale.
>It does not consume time as well since it requires one to post ones and it reaches a lot of consumers.
>Easy to access for consumers since they can find the product posted on the producer's website.
• Disadvantages
>Expensive in terms of data bundles. There has to be data bundles.
>Not everyone has the gadgets that can access this products through internet.
>There are also possibilities of hacking which is a challenge to the producer in terms of maintainance.