Advantages of E-commerce
1. Advertising on the web for a product on the web is the main advantage.
2. We can purchase the products online through electronic business sites. Thus it increases the purchasing opportunities for the buyer.
3. Also Business can use e-commerce in their purchasing process to identify the new suppliers and business parties. Thus delivery terms and negotiating price can be made easier.
4.E-Commerce also plays an important role in the welfare of society. It includes the electronic payment of tax refunds and public retirement. It also helps the people to earn money by working at home.
Disadvantages of E-commerce
1. Foods and high cost items such as jewelry may be impossible to inspect from a remote location. So these types of products cannot be included in electronic business.
2. It is difficult to invest in e-commerce, since the cost can be changed dramatically owing a change in the underlying technology even during a short duration of implementation project.
3. Unawareness of the people about the internet business is also a disadvantage.