*******************************************E-commerce***********************************

E-commerce (electronic commerce or EC) is the buying and selling of goods and
services, or the transmitting of funds or data, over an electronic network, primarily
the Internet.
Advantages of E-commerce:1. Time saving in choosing the product.
2. Consumers have an access to a wider range of products .
3. With a relatively small cost, a new business can set its self up to conduct
transactions online.
4. Company now can target a wider variety of consumers to places that were before
unreachable.
5. Business is Open 24 x 7 .
6. Some work you may need done can be more effectively done by companies or
even individuals in other countries (eg amazon in India)
*Disadvantages of E-commerce:
1. The consumer will have to wait for delivery of physical goods
2. Difficult to ensure security or privacy on online transactions.
3. Inability to Feel the Physical .eg-Furniture is something people like to sit on and
know the feel.
4. the company needs well-expert and skilled staff to keep up and create the
ecommerce facilities of the company.
5. some of the small companies may not be able to take the benefit of E-commerce
due to the lack of expertise and lack of technology.
6. The legal environment in which E-commerce is conducted is full of unclear and
conflicting laws.