E-Commerce and E-Governance Class 12 Free Online Lectures – Maharashtra Board

E-Commerce and E-Governance

Meaning:
“E-Commerce can be broadly defined as the process of buying and selling of goods or services using an electronic medium such as Internet.”

Advantages of E-Commerce :

Global scope:
E-commerce provides sellers with a global reach. Now sellers and buyers can meet in the virtual world, without a barrier of place.

Electronic transaction :
E-commerce reduces the paperwork and significantly lowers the transaction cost. E-Commerce enables the use of credit cards, debit cards, smart cards, electronic fund transfer via bank’s
website and other modes of electronic payment.

Cost Saving:
The E-commerce application provides users with more options to compare and select the cheaper and better option. It helps in reducing the cost of searching for a product. E-commerce has enabled rural
areas to access services and products, which are otherwise not available
to them.

Anytime shopping:
One other great advantage is the convenience. A customer can shop 24×7. The website
is functional at all times, it does not have working hours like a shop.

No intermediaries:
Electronic commerce also allows the customer and the business to be in touch directly, without any intermediaries. This allows for quick communication and transactions.

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