How has e-commerce change the way we shop?
eCommerce is the driving factor behind this shopping evolution. Consumers no longer have to go out to go shopping. eCommerce has brought the shopping experience to their fingertips via computers and mobile devices, completely changing the way consumers shop.
In what ways has electronic commerce changed the relationship between buyer and seller?
It is easier and less expensive for the buyer to change suppliers, so the seller must be more responsive. It is possible to customize both product and customer relationships, so the seller can change and tailor merchandise as needed. Because the entire transaction is faster, money flows more quickly through the system.
What are the two main roles present in the e commerce?
The application of e-commerce through development of web site enhances the potential global market and sales revenue, product, potential new customers, services and geographical areas.
What are the major categories of e commerce?
There are four traditional types of ecommerce, including B2C (Business-to-Consumer), B2B (Business-to-Business), C2B (Consumer-to-Business) and C2C (Consumer-to-Consumer).
What are the problems of e commerce?
What are the big e-commerce challenges for SMBs?
- Cybersecurity.
- Competition.
- Order fulfillment.
- Customer experience.
- Quality website traffic and visitor conversion.
- Visibility.
- Return/refund policy.
- Finding the right market.
Which of the following is not an advantage of e-commerce?
The website is at work even when you are asleep and even though you cannot reach every customer but they can reach your website. The only issue that arises is security as the gateway of making payments are prone to attack. Hence the answer is option (c).
Which among the following is an example of C2C?
The most prominent examples of C2C include eBay, an online auction site, and Amazon, which acts as both a B2C and a C2C marketplace.