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asked 2 years ago
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Electronic commerce is precisely equivalent to a marketplace on the internet. Electronic Commerce mainly comprises of distributing, trading, advertising, marketing and servicing of goods or services over electronic systems like the internet and supplementary computer networks.
E-commerce faces a lot of problems on regular basis the biggest one being the failure to understand the consumers, why do they buy and how do they buy. Even manufactured goods which have stable value proposition can flop if producers and retailers do not recognize customer habits, prospects and motivations.
Some other problems include the failure to judge the competitive situation, failure to foresee environmental reaction like what will the opponents do, will they launch competitive brands or competitive web-sites, etc. Another vital disadvantage of e-commerce is fraud which takes place quite often.
E-commerce faces a lot of problems on regular basis the biggest one being the failure to understand the consumers, why do they buy and how do they buy. Even manufactured goods which have stable value proposition can flop if producers and retailers do not recognize customer habits, prospects and motivations.
Some other problems include the failure to judge the competitive situation, failure to foresee environmental reaction like what will the opponents do, will they launch competitive brands or competitive web-sites, etc. Another vital disadvantage of e-commerce is fraud which takes place quite often.
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Electronic commerce refers to online buying and selling of good and services. In the wider spectrum electronic commerce can occur between manufacturer or online seller and end users and it also refers to one enterprise to another business trading as well.
There are various problem that are being faced by electronic commerce that include illegal usage of credit or debit cards online, many of the people all over the world are facing with credit card data leakage and misuse of their personal details online. One of the major problems of electronic commerce is the delivery problem to some of the area that are not accessible or it cost very high to send to those parts of the world, some time you must have noticed that price of good is usually lesser than that of shipment cost so that is one of the hurdle in the progression of electronic commerce worldwide.
Another problem with electronic commerce is that it is very difficult to analyze the product without having feedback from its current users, so although one can have wide range of selection online but it is not possible to physically inspect the product online and moreover it is very difficult to have true review about that particular product online so this factor make it difficult to determine that which brand is of best quality online.
There are various problem that are being faced by electronic commerce that include illegal usage of credit or debit cards online, many of the people all over the world are facing with credit card data leakage and misuse of their personal details online. One of the major problems of electronic commerce is the delivery problem to some of the area that are not accessible or it cost very high to send to those parts of the world, some time you must have noticed that price of good is usually lesser than that of shipment cost so that is one of the hurdle in the progression of electronic commerce worldwide.
Another problem with electronic commerce is that it is very difficult to analyze the product without having feedback from its current users, so although one can have wide range of selection online but it is not possible to physically inspect the product online and moreover it is very difficult to have true review about that particular product online so this factor make it difficult to determine that which brand is of best quality online.
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