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Importance of eCommerce in modern business. It plays an important role in the economic growth and development of nation. It is a purposeful activity includes in planning, controlling, promotion and also distribution of various goods and services.
E-commerce is important to your business, because it has...
A) Comprehensive descriptions of products
An ecommerce site provides its customers with data sheets that contain all the features and characteristics of products. The customers can also go through the details of each product before they buy it. They can read its ingredients and get background information about its manufacturers.
B) It is available through the search engines
C)Reduce the cost of maintaining and managing inventory
D)Record and refer to the buying habits of your customers
The Impact of Electronic Commerce
The Barriers of E-Commerce
It has come to conclusion that e-commerce has undeniably become an important part of our society. The world wide web is and will have a large part in our daily lives. It is therefore critical that small businesses have their own to keep in competition with the larger websites. Since web developers have lowered down the prices for their services, it has become more affordable for small businesses to use the world wide web to sell their products. Although there are negative aspects of e-commerce, small businesses have tried to accommodate to the needs of the consumers. From the inception of the Internet and e-commerce, the possibilities have become endless for both businesses and consumers. Creating more opportunities for profit and advancements for businesses, while creating more options for consumers. However, just like anything else, e-commerce has its disadvantages including consumer uncertainties, but nothing that can not be resolved or avoided by good decision-making and business practices. There are several factors and variables that need to be considered and decided upon when starting an e-commerce business. Some of these include: types of e-commerce, marketing strategies, and countless more. If the correct methods and practices are followed, a business will prosper in an e-commerce setting with much success and profitability.