Question

Explain the advantages and disadvantages of e-commerce versus regular commerce. Elaborate on your answers.

Answer 1

E-commerce

Advantages:

It can be done to a larger group of customers across the globe through electronic and internet based mediaums. It is low cost interventions. It caters even remote customers. It can be opened 24× 7 hours. A customer will have a number of choices starting from low to higher prices. Here , other customers views can be seen by a buyer.  

Disadvantages:

It lacks in terms of buyer seller real time meeting and interface. Many times , products don't meet the expectations of customers. Issues related to payment and delivery occurs. Traditional markets may feel downturn as they loose valuable customers. Product quality and services may be inferior to customers. It cuts job as many job may be done through less no. of people.

Regular Commerce:

Advantages :

It has choices and preferences for each kind of customers whether poor and rich. Even, wholesale and retail business can be done to attract each kind of customers. People can see the products in orginality and then satisfy the same. In clothings , people can trail and purchase clothes which satisfy their needs and emotions. It offers more jobs to candidates.

Disadvantages:

It can cater a specific market. It requires huge cost of market development. It requires many regulations related to trade . It doesn't not guarantee products availability to remote customers with pace. It also creates agent or more layers in product delivery to end users. Hence, Higher costs may be charged to customers.