Advantages of E-Commerce
There are many advantages of E-commerce, the main advantages are as follows:
A. Advantages to Organization:
E-commerce provides the following benefits to the business organizations:
2.Expansion of Market:
It helps to business concerns to expand the market place at the national & International level.
3.Cheaper System:
E-commerce reduces the cost of searching orders and delivering of goods and services between companies. The paper bare system is exposing consuming and time
Create Specialized Business: Specialized business ability of the concern can be incurred with the help of E-commerce.
4. Minimum time for receiving Goods:
E-commerce has reduced minimum time between the payment made for the goods and their receipt to the customers.
5. Reduce Inventories:
E-commerce helps in reducing investment expense.
6. Low Telecommunication Cost:
The use of internet is very cheap so it has lowered the telecommunication cost. in inventories & overhead
7. Increase in Productivity:
E-commerce allows improved services to customer reduce transportation cost & increases the production and quality of goods.
8. Free Samples:
The sellers can display as samples through websites. The customers can be
deciding for their own choice with the help of samples
B. Advantages to Customers:
The main benefits of E-commerce to consumers are as under:
9. Full day Services 24/7:
E-commerce has made it possible for the consumers to transact business 24 hours a day from any part of the world and throughout the
10. Larger Choice: year.
The E-commerce has provided larger choice to customers in the selection of goods and services at competitive rates.
11.Quick Information:
Internet provides quiet information to customers about the availability of goods in the international market. E-commerce also provides quick delivery of goods
12. Customers Get Discount:
Through E-commerce there is competition among the sellers, the customers are in a position to get discount in business deals
13. Links among Customers:
An Internet & websites facility allows customers to contract each other’s
achange ideas and compare experiences the purchase of goods & services
C. Advantages to Society:
The main benefits of E-commerce to the society are as under:
14. Less Traveling:
E-commerce has provided to individual various goods in the market while sitting at home. It has reduced traveling expenses and rood traffic resulting in
lowering at pollution
15. Sale of Goods at Lower Prices:
Due to competition in the electronic market, many of the goods are sold at
lower prices, which are in the range of low income groups. They get opportunities to
purchase their goods.
16. Cheaper Education at Home:
E-commerce has enabled people living in back word area to get professional
and technical education and get various degrees.
17. Provide Health Care Services:
E-commerce provides the health care services to patients living in rural areas.
D. Disadvantages of E-Commerce:
There are some disadvantages of e-commerce which you should be aware of before starting to trade online, some of them are given below.
1. Computer Virus:
There is a chance of damage to computer network through Internet. The people can deliver virus through electronic mail to business.
2. Electricity Failure:
The computer works with electric powering and due to the failure of electricity, the transactions cannot be completed. The work of buying & selling remain pending
3. Hardware Failure:
There is possibility of hardware failure the buyer cannot set the delivery ofgoods. The seller can loss their customers due to non-delivery of goods.
4. Damage Products:
Due to E-commerce we deal on Internet and the website, the buyer can only see the picture of movie of a product and do not estimate at personally. There is a chance that a product may be spoiled or defective.
5. Credit Card Number:
The credit card is helpful in e-commerce transactions. The dishonest people
can use the wrong credit card numbers for their own benefits and hence loss to real
cardholders. They can use the card for buying & selling of goods & services.
6. Merchant Account Numbers:
There is need of merchant account for buying and selling goods over the internet. The bad people can misuse other merchant account number for drawing money from the account to buy goods and hence loss to real account holders.
Conclusion:
Having taken a look at the above disadvantages it is very important to mention that despite the shortcomings, the technology of e-commerce Dfa Ho is there going to exist. survive and expand because of the immense potential it offers for carrying out international trade, doing import/export business and finding right products and services through global sourcing.
