Elaborate upon the benefits and limitations of e-commerce. Also, descr

Question

Elaborate upon the benefits and limitations of e-commerce. Also, describe

electronic payments.

06 Sep 2021

Answer :

Word Count : 391

E-commerce businesses are gaining popularity because it offers the following benefits.

1. Global Market

E-Commerce businesses enable business firms to reach out to customers all over the world who have access to the internet.

2. Lower Transaction Cost and Higher Margin

E-Commerce business reduces the cost of business transactions substantially.

3. Quick Delivery

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