E-Commerce

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E-Commerce
Efficiency is the key word for any business today; being in business that is effective makes the dealings easier and convenient. E-commerce is the most efficient way to transact especially in this era of the global village. The era presently is negotiating for the shortest time possible to transact business, and e-commerce is the way to go this is because;
It eliminates the barriers of time and distance, this is in view of the fact that one can visit the internet at any given time and carry out the business, creating an efficient system. All one needs is the connection of the internet, and the rest is easy. Also less time is spent in bargaining (Hagel, & Armstrong, 1997).
The costs of sales are reduced as compared to the traditional means of business, human interaction is reduced hence transport costs are eliminated. Chances of errors as those found on paper are very low. This makes it cheap and convenient.
E-commerce also makes it easy to search products in the net and hence products are found easily and at various specified prices quality hence one has a chance to get what he/she wants in the market. Market pressures have made opportunities for investments to be few hence ensuring high competitions; with e-commerce there is extra money to invest because of the reduced costs.
E-commerce has different perspectives i.e. to the buyer and to the seller
To the buyer there is reduced time to sort out products and processing invoices and other details, ensures an informed and better buyer’s decision, and numerous alternatives and opportunities of buying quality products (Hagel, & Armstrong, 1997).
To the seller it is a means to reduce deliv...