<\/strong>\u201cE-Commerce<\/a> can be broadly defined as the process of buying and selling of goods or services using an electronic medium such as the Internet.\u201d<\/p>\n\n\n\n
Advantages of E-Commerce :<\/h4>\n\n\n\n
Global scope: Electronic transaction : Cost Saving: Anytime shopping: No intermediaries:
<\/span><\/strong>E-commerce provides sellers with a global reach. Now, sellers and buyers can meet in the virtual world, without the barrier of place.<\/p>\n\n\n\n
<\/span><\/strong>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 a bank’s website, and other modes of electronic payment.<\/p>\n\n\n\n
<\/span><\/strong>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.<\/p>\n\n\n\n
<\/span><\/strong>One other great advantage is the convenience. A customer can shop 24\u00d77. The website is functional at all times; it does not have working hours like a shop.<\/p>\n\n\n\n
<\/span><\/strong>Electronic commerce also allows the customer and the business to be in touch directly, without any intermediaries. This allows for quick communication and transactions.<\/p>\n\n\n\n![\"E-Commerce](\"https:\/\/scholarsclasses.com\/blog\/wp-content\/uploads\/2020\/10\/E-Commerce-And-E-Governance-1024x576.webp\" "\\"\\"")
<\/figure>\n\n\n\nCheck out other posts related to 12th Commerce<\/h3>\n\n\n\n