Benefits of E-Commerce

In this article we will discuss Benefits of E-Commerce

In this article, we will discuss Benefits of E-Commerce. So, let’s get started.

Benefits of E-Commerce

  • Proximity Between Buyer and Seller:
  • E-commerce enables sellers to come closer to customers that lead to increased productivity and perfect competition.
  • The customer can also choose between different sellers and buy the most relevant products as per requirements.
  • Customers now have access to virtual stores 24/7.
  • Wider Range of Buyers and Sellers:
  • It provides a wider reach and reception across the global market, with minimum investments.
  • It enables sellers to sell to a global audience and also customers to make a global choice. Geographical boundaries and challenges are eradicated/drastically reduced.
  • Reduction in Product Distribution Cost:
  • Through direct interaction with final customers, this e-commerce process cuts the product distribution chain to a significant extent.
  • A direct and transparent channel between the producer or service provider and the final customer is made.
  • This way products and services are created to cater to the individual preferences of the target audience.
  • Other Benefits:
  • The growth in the e-commerce sector can boost employment, increase revenues from export, increase tax collection by ex-chequers, and provide better products and services to customers in the long-term.
  • The e-commerce industry has been directly impacting the micro, small & medium enterprises (MSME) in India by providing means of financing, technology and training and has a favorable cascading effect on other industries as well.

By competitiveworld27

Competitive World is your online guide for competitive exam preparation

Leave a Reply

Your email address will not be published.