Business: Section 5 (E-Commerce)
- Created by: Georgia Vyse
- Created on: 04-04-14 12:57
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- New Technology - E-commerce
- Can reduce costs and increase sales
- Saves money on paper being printed and posted.
- Some staff are employed to give out info , no longer needed.
- Reduce property costs as you don't need a high-street shop just a warehouse.
- Might be more possible to locate in remote areas where wages are lower.
- Can reach international markets
- More places to sell the product
- A business may target foreign countrys with online promotions
- Much cheaper than buying advertising space in foreign media
- Pros and cons for consumers
- You can shop at your own convienience
- Can compare prices with other shops easier
- You don't have to leave your house
- Credit card details can be stolen
- Products cant be tried on in person
- Can be difficult to return products
- Receive lots of spam emails
- Running a website can be expensive
- Need a website designer
- New equipment may be needed and staff trained to use it
- Firms need to gain customers trust
- Website will always need updating
- Time consuming
- Can reduce costs and increase sales
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