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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Availability
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Speed of Access
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Lower Cost
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None of the above
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Detailed explanation-1: -Inventory and Distribution E-commerce also can reduce transaction costs by streamlining supply-chain management and distribution. If a store expands its product selection online, more orders can be shipped from the warehouse or wholesaler directly to the customer. The store can now serve lucrative niche markets.
Detailed explanation-2: -E-commerce allows customers to choose a product or service they want, from any supplier, anywhere in the world. You have a much wider choice than in brick-and-mortar stores. And the freedom to browse digital catalogs without any stress or hurry is priceless.
Detailed explanation-3: -Reduced overhead costs. Running an e-commerce store is a lot more cost-effective than running a physical store. No need for a physical storefront. Ability to reach a broader audience. Scalability. Track logistics.