Question
Download Solution PDFWhich of the following is NOT an advantage of E-Commerce?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Late response to customer needs.
Key Points
- A late response to customer needs is NOT an advantage of E-Commerce.
- Electronic commerce is known as e-commerce.
- The purchasing and selling of goods and services, or the sending of money or data, over an electronic network, typically the internet, is referred to as an e-commerce business.
- E-commerce also refers to any type of business transaction in which the parties communicate with one another virtually rather than in person.
- Advantages of E-Commerce:
- Faster buying/selling procedure
- Buying/Selling 24/7
- Low operational costs with better quality services
- Easy to start and manage a business
- Cost-Effective including higher Margin
- Better Productivity
- Allows for product and Price Comparison
- No standing in Queues or being placed on hold forever
- Ease of communication and superior customization
- Enhance convenience
Additional Information
- Examples of E-Commerce:
- Industry Online Ticketing
- Internet Banking
- Electronic auction
- Online selling (Buying and Selling of goods)
- Online selling (Buying and Selling of services)
- Transmitting funds or data
Last updated on Jun 13, 2025
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