what is the advantage and disadvantage of e commerce?
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Advantages of E-commerce Easier time managing a business. Doesn't require much (if at all) physical space. No geographical limitations translates as a bigger customer reach. Higher quality of services and lower operational costs.
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E-commerce Security Risks Currently Faced by Online Retailers. Security risks associated with e-commerce can be as a result of human error, an accident or unauthorized access to systems. Online retailers are most likely to face credit card fraud or data errors.
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['Product differentiation.', 'Many firms.', 'Freedom of Entry and Exit.', 'Independent decision making.', 'Some degree of market power.', 'Buyers and sellers do not have perfect information (Imperfect Information)']
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Working in e-Commerce exposes you to all aspects of a business. ... So, working in e-Commerce is a good way to learn managerial skills that you can use later in other fields of business. The experience also looks good on your resume, which makes it easier for you to advance in your career.
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What is the difference between E-commerce and E-business? E-commerce is a much more narrow field of buying & selling. Whereas E-business includes the services logistics, datamining, supply chain and the usage of intranet, internet, and extranet.
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They have some advantages such as lower carbon footprint, independence, energy efficiency, and eco-safety. However, they have some disadvantages such as high cost, recycling, reducing raw materials, misused of terms and lack of legislation.
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['E-Business Saves Money. ... ', 'Better Communication and Faster Decision-Making. ... ', 'The Office can be Anywhere. ... ', 'Cheaper Marketing, More Control. ... ', 'Less Restrictive Hours. ... ', 'More Avenues for Making Money.']
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[" Company's product.", ' Marketing strategy of the company.', ' Marketing Personnel of the company.', ' Technology and Automation.', ' Presence in multiple formats especially in E-commerce.', " Ability to tap 'Digital Footprints' customers.", ' Availability of finances.']
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['Provides access to a wide variety of markets.', 'Makes a significant contribution to the perceived customer benefits of the end product.', 'Makes competitive imitation difficult.']
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An ideal way to manage mobile commerce advantages and disadvantages is by partnering with shopping apps. With them, brands can connect with consumers and stand out from the competition. They can also gain access to important purchase data, reach new markets, and scale and time their messages perfectly.
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Lower prices. The main advantage of online shopping is that it enables reduce your monthly expenses. Most online stores offer lower prices, as opposed to offline stores, as well as offer various bargains that help save even more money. The easiest way to pay less is to compare prices.
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['Ethical Issues. In general, many ethical and global issues of Information Technology apply to e-business. ... ', 'Web tracking. E-businesses draw information on how visitors use a site through log files. ... ', 'Privacy. ... ', 'Disintermediation and Reintermediation. ... ', 'Legal Issues. ... ', 'Fraud on the Internet. ... ', 'Copyright. ... ', 'Domain Names.']
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['Cost Efficient. One of the largest benefits of online advertising is that it is much more affordable compared with other traditional adverting methods. ... ', 'Targeted. Traditional media such as flyers, television, billboards and direct mail offer no way to hone in on your target market. ... ', 'Measurable. ... ', 'Feedback.']
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['Direct sales. Many businesses use e-commerce for the direct selling of goods or services online. ... ', 'Pre-sales. You can use your website for pre-sales activities and generate sales leads. ... ', 'Post-sales support. ... ', 'Ensuring success.']
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The overall impact of these advantages is to lower the cost of trading goods in a common market. There are concerns that the lack of inter-border controls it is more difficult to supervise trade and prevent fraud, and/or the movement of prohibited and restricted goods that avoid paying VAT and Excise taxes.
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['Advantage: Improving Sales. Launching a product globally means more markets in which to sell. ... ', 'Disadvantage: New Regulations. ... ', 'Advantage: Learning to Compete. ... ', 'Disadvantage: Different Cultures.']
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['Advantage: Cheap manpower. ... ', 'Advantage: Scalability. ... ', 'Advantage: Access to raw materials. ... ', 'Advantage: Access to distinctive skills. ... ', 'Advantage: Increase in productivity. ... ', 'Disadvantage: Quality problems.']