e commerce

Ecommerce can increase profits It can increase sales and decrease costs. A firm can use ecommerce to reach narrow market segments that are widely scattered geographically It increases sales opportunities for the seller and increases purchasing opportunities for the buyer It increases speed and accuracy with which business can exchange information It provides buyers with a wide range of choices than traditional commerce because they can consider many different products and services from a wide variety of sellers. Buyers can have instant access to detailed information on the web which reduces the waiting time. Electronic payments are easier to audit and monitor than payments made by check. It can make products and services available in remote areas.