Merits and Demerits of E-commerce
Like anything E-commerce also have its merits (advantages) and Demerits (disadvantages). This tutorial will look in to details of these advantages and dis advantages. When we compare the merits and demerits of e-commerce, I believe merits would be more than demerits. Buts lets discuss the merits and demerits of E-Commerce. If I miss any important point, ensure to comment it below on this post, so we all can learn together.
While you are browsing about merits and demerits of e-commerce, also do check Explained the categories of E-commerce in shortest way possible?
Merits of E-commerce
E-commerce is like shopping online. E-commerce’s merits or advantages can be classified into three main categories. They are Advantages to consumer, Advantages to organization and advantages to society.
Merits (Advantages) to Organization
The advantages to organization of e-commerce include reducing the operational cost of the organization. Your organization does not need a showroom and more employees for the e-commerce. Other than that, e-commerce help organization to improve the brand image of the company. You can also attract more customers in e-commerce due to the easy process of e-commerce. You can purchase items by staying at home by just a few clicks.
Merits (Advantages) to Consumer
The best benefit for the customers of e-commerce is the 24/7 support. You do not need to wait for a specific time. You can always ask question about the product you want and get instant feedback. Customers also can easily find alternative products and compare the products they want in simple steps. This helps customers to get the best available product. Furthermore, customers can give review about the products they purchase and see the rating of the product, that you are going to purchase. E-commerce has increased the competition among the organization. As a result customers are getting huge discount on the products.
Merits (Advantages) to Society
Some of other advantage of e-commerce include 24/7 selling and buying service. You can access the e-commerce website at any time and place your order. As e-commerce does not require a physical company setup, It is easy to start and manage the business. Customers can easily select different products from different companies without moving around physically. This means that overcrowdings on the roads will decrease. Which surely will have a impact on transitive diseases.
The Demerits of E-Commerce
The demerits of e-commerce include that anyone can start a e-commerce websites. There are some e-commerce websites that eats up their customers money without providing the service. Some of the products are very fake and is difficult to understand what is fake and what is good. As it is a online process, there are hackers who hack the payment gateways. There is a high chance that some of the e-commerce websites are used in phishing also.
The same way Demerits of E-Commerce will also have huge impacts on Society and Organization and even to consumer. But we need weigh the pros are cons of E-Commerce for themselves.