Question

Write the merits and demerits of internet

Answer 1

MERITS AND DEMERITS OF INTERNET

MERITS (ADVANTAGES)

1. Internet Banking and Financial Services: The banking uses electronic fund transfer (EFT) to transfer money between accounts.
2. Online shopping mall: Online shopping malls present consumers with a wide selection of products and services. A consumer can search a shop for a verity of products, and rather than making several separate purchases, they can use the mall shopping cart technology to purchase items from many stores.
3. Internet advertising and Marketing: Web is playing a major role in the advertising and marketing. Online advertising is becoming a significant part of the promotional world. Internet marketing strategy can include emailing advertising and customer relationship management (CRM).
4. Online travel services: Web surfers can search for and arrange all of their travel and accommodation online. The web gives people much of the same information previously accessible only by travel agents.
5. Online lending, share dealing and trading: Online lending is growing segment of E-commerce. You might find a loan with a lower rate online than through traditional lending channels. Brokerage houses sites allow you to research security, buy, sell, and manage all of your investment for your desktop.
6. Internet publishing and new services: Web is playing is a major role in the news industry.
7. Online Jobs: Recruiting and job searching can be done effectively on the web, whether you are an employer or job seekers. The internet can improve your ability to recruit or find a job.
8. E-Learning: Universities and corporate training companies offer higher quality distance education directly over the web.
9. virtual auctions: Auctions sites act as a forum through which Internet user can log on and assume the role of either bidder or seller. Reserve price is the lowest price that the seller will accept in any type of auction.
10. Retailing: In traditional retailing, the customer went to the store and located the products. In the online model, it is reverse. The retailer is going to the customer. Retailers are optimizing selection and availability while minimizing absolute inventory level.
11. Online entertainment: Entertainment industry sells movie tickets, albums and any other entertainment relating contents they can fit on a web page.
12. Personalization: Personalization technology understands the customer needs and customizing of company products, service, website and employees.
13. public relations: PR includes communicating with your customers and company through press releases, speeches, special events, presentations and emails.
14. Education/Books: Internet is used for online reading and downloading the books.
15. Email: Internet is used to send a letter from one location to another location very easily for example e-mail.
16. Downloading Software: You can download many software programs through the Internet by payment or free.
17. Chatting: Chatting is used for online conversation/discussion with a person on internet

DEMERITS (DISADVANTAGES)

Following are some of the disadvantages of internet.

1. Spreading virus: Some peoples use it for spreading a virus.
2. Wrong messages: Peoples spread false new through the net that is called hoax.
3. Wastage of Time: It is the wastage of time to visit unnecessary Web sites.
4. Theft of Information: The people use the Internet for theft of information. Online payment fraud etc