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Need of Reconciliation Video Lecture | Accountancy Class 11 - Commerce

82 videos|105 docs|42 tests

FAQs on Need of Reconciliation Video Lecture - Accountancy Class 11 - Commerce

1. What is Reconciliation Commerce?
Ans. Reconciliation Commerce refers to the process of restoring friendly relations and resolving conflicts between buyers and sellers in the e-commerce industry.
2. Why is Reconciliation Commerce important in online businesses?
Ans. Reconciliation Commerce is important in online businesses as it helps build trust between buyers and sellers, resolve disputes effectively, and maintain a positive reputation in the market.
3. How does Reconciliation Commerce benefit online businesses?
Ans. Reconciliation Commerce benefits online businesses by reducing the number of chargebacks, improving customer satisfaction, increasing repeat purchases, and enhancing overall customer loyalty.
4. What are some common challenges faced in Reconciliation Commerce?
Ans. Some common challenges faced in Reconciliation Commerce include communication barriers, lack of transparency, delayed dispute resolutions, and difficulty in retrieving relevant transaction information.
5. How can online businesses improve their Reconciliation Commerce processes?
Ans. Online businesses can improve their Reconciliation Commerce processes by implementing clear policies and procedures, providing excellent customer service, using reliable payment gateways, and investing in dispute resolution technologies.
82 videos|105 docs|42 tests

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