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Limitation of e commerce

Updated: 4/28/2022
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E-Commerce is the conduct of commerce in goods and services over the internet. It includes: consumers using the Internet to purchase goods and services online; as well as businesses selling and communicating with other businesses through the Internet Few technologies have the many benefits e-commerce does, whether taking a small business to never before seen global proportions or opening up millions of new customer markets. E-Commerce has given many companies the right to cheer, and here are a few of the reasons why: * Expands markets from local to global * Reduces costs with telecommunications and physical maintenance * Minimizes resources used for storing physical receipts * Instant product updates, including descriptions and pricing * 24-hour store visibility to anyone with an Internet connection * Large portals enable large product bases, manufacturers and prices * Search utilities far surpasses the speed used to find products through catalogs * Encourages competition between small and large online retailers With benefits come limitations. A few are detailed below: * Credit Card security is a serious issue if vulnerable * Costs involved with bandwidth and other computer and server costs * Extensive database and technical knowledge and experience required * Customer apprehension about online Credit Card orders * Constantly changing technology may leave slow businesses behind * Some customers need instant gratification, and shipment times interrupt that * Search utilities far surpasses the speed used to find products through catalogs * Encourages competition between small and large online retailers ----Kobe

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Q: Limitation of e commerce
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