Question

Write the merits of online trading

Answer 1

Answer:

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Merits of online Trading are as follows :-

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Global Market :-

E-commerce enables business firms to reach out to the customers all over the world who have access to the internet.

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Reduced costs :-

with the help of e-commerce,business firms can substantially reduced the costs of business transactions. E-commerce can help reduce advertising costs, expenses, involved in the exchange of information.

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Wide Choice :-

For the customers, the whole world becomes a shop. They can look and evaluate the same product at different websites and make the best choice.

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Direct Contacts :-

Business firms can establish direct contacts with the customers by removing middleman. They can focus on specific cuatomer groups.

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