What is it?: E-Commerce is the buying and selling of goods and services, or the communicating of funds or data, over an electronic network, mainly the internet. These business transactions happen either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business.
Pros: -Lots of choices
-Easier to compare prices
-No need for a physical store
Cons: -Need for an internet connection
-Need for an internet access device
-Inability to experience the product before purchase
-Lack of personal touch
When it is Best to be Used: It can be used for communicating to customers or with other businesses. With that being said, e-commerce is being used a lot these days by people, and that’s why many companies have started up websites where customers can shop online. Companies start up the websites so that they can do business with other businesses and with customers. When using e-commerce, it is possible for businesses to communicate to eachother. Therefore, e-commerce is best used when shopping online.
Pros: -Lots of choices
-Easier to compare prices
-No need for a physical store
Cons: -Need for an internet connection
-Need for an internet access device
-Inability to experience the product before purchase
-Lack of personal touch
When it is Best to be Used: It can be used for communicating to customers or with other businesses. With that being said, e-commerce is being used a lot these days by people, and that’s why many companies have started up websites where customers can shop online. Companies start up the websites so that they can do business with other businesses and with customers. When using e-commerce, it is possible for businesses to communicate to eachother. Therefore, e-commerce is best used when shopping online.