ADVANTAGES AND DISADVANTAGES OF E-COMMERCE
The invention of faster internet connectivity and powerful online tools has resulted in a new commerce arena – E commerce. E commerce offered many advantages to companies and customers but it also caused many problems.
ADVANTAGES OF E-COMMERCE
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DISADVANTAGES OF E-COMMERCE
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Faster buying/selling procedure, as
well as easy to find products.
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Buying/selling 24/7.
·
More reach to customers, there is no
theoretical geographic limitations.
·
Low operational costs and better
quality of services.
·
No need of physical company set-ups.
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Easy to start and manage a business.
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Customers can easily select products
from different providers without moving around physically.
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·
Any one, good or bad, can easily
start a business. And there are many bad sites which eat up customers’ money.
·
There is no guarantee of product
quality.
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Mechanical failures can cause
unpredictable effects on the total processes.
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As there is minimum chance of direct
customer to company interactions, customer loyalty is always on a check.
·
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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