Benefits of E-Commerce to Consumers

Benefits of E-Commerce to Consumers

1.Increase in variety of goods:
As the market will expand the variety of goods available will also expand. Wide variety of goods are available than ever before. It gives more choice and alternatives: E-Commerce provides more choice and alternatives to customers that will increase the choice of vendors or products because they are no longer geographically constrained to reach a vendor or a product. A large number of vendors/manufacturers are marketing and selling their products/services on the internet. Virtual shops (e.g.Homeshop18, snap deal, flipchart) can offer the consumers a large number of products/services at a single site.
2.Convenience of Shopping at Home:
Allows the consumers to shop went it is convenient for them not strictly during store hours. Also for handicapped or ill consumers, home shopping on the internet provides a lot of opportunity and convenience.
3.Ensure Secrecy:
The various security measures that are in built are used in Ecommerce transactions to prevent any unauthorized access to information on the internet for ensure secrecy they maintain encoding, encryption and passwords.
4.More Competitive Prices and Increased Price comparison capabilities:
The large amount of information available on the internet is giving more and more power to the consumers. Consumers can make comparison shopping. There are several online services that allow customers to browse multiple ecommerce merchants and find the best prices.
4.Access to Greater Amounts of Information on Demand:
Consumers can have access to large amount of information online on products and services, their features and prices. This further translates into more choice to customers in shopping and greater price comparison opportunities.
5.Time compression:
Time is not a factor with Internet communication between firms and their stakeholders. Online stores can be open 24/7; people can communicate as their schedules permit; time zones disappear for managers collaborating with partners on other continents.
6.Quick Delivery of Digitized Products/Services:
E-Commerce allows quick delivery in the case of digitized products such as music, software etc. Provide Comparison Shopping: Economic facilitates comparison shopping. There are several online services that allow customers to browse multiple ecommerce merchants and find the best prices. E-payment system: The electronic payment system on the internet is facilitated by payment gateways or intermediary between the business firm and customers and between the business firms for assuring the payments from the customers.

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Titany answered the question on September 23, 2021 at 06:22

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