E-commerce Flashcards
What is E-commerce?
The buying and selling of goods and services over the internet.
What is M-commerce?
The buying and selling of goods and services over a wireless mobile device.
What is a big advantage of E-commerce?
The business can access wider markets. This means they have more potential customers so sales may increase.
How does the use of E-commerce save money on paper?
Things like sales brochures and product information no longer need to be printed and posted by the firm.
If firms rely more on online sales than sales from customers visiting their shop…
they may be able to locate in more remote areas where wages tend to be lower.
What are the drawbacks of E-commerce?
Specialist equipment may need to be bought and installed.
Firms may need to employ specialist website or app designers, who’ll have to be paid.
Some consumers are reluctant to buy online.
