COMPUTER APPLICATIONS
E COMMERCE AND E BUSINESS APPLICATIONS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Consumers only visit physical locations to purchase goods
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Businesses experience decreased rent expense
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Consumers have fewer choices
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Businesses can sell to a larger market
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Detailed explanation-1: -The primary route by which e-commerce will affect the economy at large is through its impact on productivity and inflation. Businesses and consumers that use e-commerce benefit from a reduction in costs in terms of the time and effort required to search for goods and services and to complete transactions.
Detailed explanation-2: -Lower Marketing and Distribution Costs The entire cost of conducting the business can be brought down by taking your business online. Prominent costs that can be reduced include: Advertising and Marketing Costs: E-commerce stores do not require traditional channels of marketing and advertising.
Detailed explanation-3: -There are several advantages of e-commerce for business owners who don’t want to set up a physical storefront. Thanks to e-commerce, you can build an affordable website and sell your products online. You can also drive traffic to your e-commerce store to reach a larger audience.