Which of the following is not a benefit of e-commerce to business organisation?
Answer & explanation
Correct answer: option 4
The correct answer is option 4- Competitive price/discounts/waive offs.
Competitive price/discounts/waive offs- This is a benefit for consumers or society.
e-commerce covers a firm’s interactions with its customers and suppliers over the internet. Benefits of e-Commerce are as follows-
1. Business Organisation:
- (i) Expands the marketplace to national and international markets
- (ii) Gradual decline in the cost of operations
- (iii) Facilitates ‘pull’ supply chain management
- (iv) Competitive advantage over competitors
- (v) Proper time management and support business processes
- (vi) Small firms co-exist with big firms (win-win).
2. Benefits to Consumers and Society
- (i) Flexibility
- (ii) Competitive price/discounts/waive offs
- (iii) More options and choices and Customised products
- (iv) Quick and Timely delivery (digitised products)
- (v) Employment potential
- (vi) Facilitate e-Auctions and e-Tenders
- (vii) Interaction with consumers
- (viii) Wider outreach