What are the advantage of e-commerce
Advantages and Disadvantages of E - commerce:
The invention of faster internet connectivity and powerful online tools has resulted in a new commerce arena Ecommerce. Ecommerce offered many advantages to companies and customers but it also caused many problems.
Advantages of E commerce
- (1) Faster buying/selling procedure, as well as easy to find products.
- (2) Buying/selling 24/7.
- (3) More reach to customers, there is no theoretical geographic limitations.
- (4) Low operational costs and better quality of services.
- (5) No need of physical company set-ups.
- (6) Easy to start and manage a business.
- (7) Customers can easily select products from different providers without moving around physically.
Disadvantages of Ecommerce
- (1) Any one, good or bad, can easily start a business. And there are many bad sites which eat up customers' money.
- (2) There is no guarantee of product quality.
- (3) Mechanical failures can cause unpredictable effects on the total processes.
- (4) As there is minimum chance of direct customer to company interactions, customer loyalty is always on a check.
- (5) There are many hackers who look for opportunities, and thus an ecommerce site, service, payment gateways, all are always prone to attack.
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