Advantages & Disadvantages of E-Commerce
Advantages
Some advantages that e-commerce can provide include:
- Being able to conduct business 24 x 7 x 365
- Global marketplace
- Speed
- Possible reduced costs
- Allowing customer self service
Disadvantages
Some disadvantages and constraints of e-commerce include:
- Delivery time / slow access to purchase
- Inability for the customer to read a packaging and see product
- Returning goods can be difficult & inconvenient
- Privacy & security issues / concerns
- Lack of personal service
- Size & number of transactions is usually limited
Next Topic: Online Payment Processing