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E-Commerce Vs Traditional Commerce Video Lecture | E-Commerce - B Com
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FAQs on E-Commerce Vs Traditional Commerce Video Lecture - E-Commerce - B Com
| 1. What is the difference between e-commerce and traditional commerce? |  |
Ans. E-commerce refers to the buying and selling of goods and services over the internet, while traditional commerce involves physical transactions in brick-and-mortar stores. E-commerce allows businesses to reach a global audience and operate 24/7, while traditional commerce is limited to local customers and operates during specific hours.
| 2. What are the advantages of e-commerce over traditional commerce? | |
Ans. E-commerce offers several advantages over traditional commerce. Firstly, it provides a wider reach, allowing businesses to target customers across the globe. Secondly, it offers convenience as customers can shop anytime and anywhere. Thirdly, e-commerce reduces overhead costs as there is no need for physical stores. Lastly, it allows for personalized marketing and customer data analysis for better targeting and improved customer experience.
| 3. What are the disadvantages of e-commerce compared to traditional commerce? | |
Ans. Despite its advantages, e-commerce also has some disadvantages. Firstly, customers cannot physically inspect or try products before purchasing, which may lead to dissatisfaction. Secondly, e-commerce requires a reliable internet connection, which can be a barrier in some areas. Thirdly, there is a higher risk of fraud and security breaches in online transactions. Lastly, returns and exchanges can be more complicated in e-commerce due to shipping logistics.
| 4. How can traditional commerce businesses benefit from incorporating e-commerce? | |
Ans. Traditional commerce businesses can benefit from incorporating e-commerce by expanding their customer base beyond local boundaries. By establishing an online presence, they can reach a wider audience and increase sales. E-commerce also allows businesses to offer additional services such as online ordering, home delivery, and virtual customer support, enhancing customer convenience and satisfaction.
| 5. Is e-commerce replacing traditional commerce completely? | |
Ans. While e-commerce has gained significant popularity and growth, it is unlikely to completely replace traditional commerce. Traditional commerce still holds value in certain industries and for specific products or services that require physical interaction or immediate availability. Additionally, many customers still prefer the in-person shopping experience. E-commerce and traditional commerce can coexist and complement each other, providing different options to cater to diverse customer preferences.
Text Transcript from Video
hey I'm Michael today I'm gonna talk
about the difference between ecommerce
and traditional commerce ecommerce
allows a company to sell a product or
service through the internet and there's
usually no physical store and the buyer
usually doesn't see the seller the
e-commerce increases the speed and
accuracy of communication between
suppliers and customers and tends ease
email rather than the regular mail which
reduces cost ecommerce attracts
customers from any area is always open
for business which increases revenue it
improves customer service by increasing
flexibility and customer involvement
some problems involve bandwidth capacity
security breaches and not everyone has
internet a good example of e-commerce
company is amazon.com traditional
commerce companies aren't popular these
days due to advances in technology but
customers can still return or repair
products faster in a physical store they
can hold and see the product before
purchasing it and some customers just
prefer to do with people rather than
computers both commerce does have their
advantages and disadvantages which is
why companies choose to have both which
is called a click and break company some
good examples are best buy at Home Depot
about the difference between ecommerce
and traditional commerce ecommerce
allows a company to sell a product or
service through the internet and there's
usually no physical store and the buyer
usually doesn't see the seller the
e-commerce increases the speed and
accuracy of communication between
suppliers and customers and tends ease
email rather than the regular mail which
reduces cost ecommerce attracts
customers from any area is always open
for business which increases revenue it
improves customer service by increasing
flexibility and customer involvement
some problems involve bandwidth capacity
security breaches and not everyone has
internet a good example of e-commerce
company is amazon.com traditional
commerce companies aren't popular these
days due to advances in technology but
customers can still return or repair
products faster in a physical store they
can hold and see the product before
purchasing it and some customers just
prefer to do with people rather than
computers both commerce does have their
advantages and disadvantages which is
why companies choose to have both which
is called a click and break company some
good examples are best buy at Home Depot
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Nov 22, 2024 Last updated |
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