Q.1 State the various advantages and disadvantages of E-commerce.

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Ans. The advantages of E-commerce are:

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(i) Accelerated buying process for saving time: When buying online, a buyer does not

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have to travel and move around looking for a product. Online buying is

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a quick process completely different from buying from conventional stores.

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The buyers avail the needed product at their own pace and with ease.

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They can choose from a wide range of products by making available

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goods from other chained stores as well.

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(ii) Personalised store as per consumer preference:

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E-commerce offers personalized experience to buyers.

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