Lesson 3 Benefits of E-commerce

Benefits of E-commerce:

Convenience: Online shopping is available 24/7, allowing customers to shop from anywhere with an internet connection.

Wider reach: E-commerce allows businesses to reach a global audience, expanding their market beyond geographical limitations.

Lower costs: Online businesses often have lower overhead costs compared to traditional brick-and-mortar stores.

Increased competition: E-commerce fosters competition among businesses, which can lead to lower prices and better products for consumers.