Advantages and Disadvantages of E-Commerce
James Davis
Advantages and Disadvantages of E-commerce
Bus 107
Debra Wilson
November 22, 2010
Abstract
In today’s economy, business moves at a rapid pace and shows no sign of slowing down. Many of the revolutionary changes that have taken place and supplied this economic engine with fuel are due to electronic commerce. The introduction of the computer into the workplace has brought about manifold changes and seemingly unlimited possibilities for merchants. This new technology offers many advantages for businesses but there are disadvantages as well. Each company must weigh the pros and cons while determining what direction they will take.
Advantages and Disadvantages of E-commerce Electronic commerce is a fundamental part of today’s business world. It has undergone many changes since its inception and will continue to do so. The information technology field has always moved rapidly and businesses must align themselves with these changes in order to remain competitive. E-commerce has many advantages and has transformed business, as we know it. Although fewer in number, there are also disadvantages associated with e-commerce. The advantages of e-commerce are great in number and have quite a range of variation. E-commerce is still fairly young but has brought manifold changes in the way business is conducted. Businesses great and small have taken advantage of the new opportunities afforded by electronic transactions. As we move on in the twenty first century, we will see more and more participation and advancement in this very important field of commerce. Firms are interested in e-commerce because it can increase profits. There are countless opportunities for increases in sales and also decreases in cost. In the past, businesses were limited to a physical location. Now that business can be conducted electronically, this is no longer a factor. Anywhere on the globe that has a connection is now a potential customer. Individuals can be
Advantages and Disadvantages of E-commerce
Bus 107
Debra Wilson
November 22, 2010
Abstract
In today’s economy, business moves at a rapid pace and shows no sign of slowing down. Many of the revolutionary changes that have taken place and supplied this economic engine with fuel are due to electronic commerce. The introduction of the computer into the workplace has brought about manifold changes and seemingly unlimited possibilities for merchants. This new technology offers many advantages for businesses but there are disadvantages as well. Each company must weigh the pros and cons while determining what direction they will take.
Advantages and Disadvantages of E-commerce Electronic commerce is a fundamental part of today’s business world. It has undergone many changes since its inception and will continue to do so. The information technology field has always moved rapidly and businesses must align themselves with these changes in order to remain competitive. E-commerce has many advantages and has transformed business, as we know it. Although fewer in number, there are also disadvantages associated with e-commerce. The advantages of e-commerce are great in number and have quite a range of variation. E-commerce is still fairly young but has brought manifold changes in the way business is conducted. Businesses great and small have taken advantage of the new opportunities afforded by electronic transactions. As we move on in the twenty first century, we will see more and more participation and advancement in this very important field of commerce. Firms are interested in e-commerce because it can increase profits. There are countless opportunities for increases in sales and also decreases in cost. In the past, businesses were limited to a physical location. Now that business can be conducted electronically, this is no longer a factor. Anywhere on the globe that has a connection is now a potential customer. Individuals can be
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