E - commerce

Question 1

E-commerce

Answer 1

buying online using the internet

Question 2

M-commerce

Answer 2

buying electronically using the internet

Question 3

Advantages

Answer 3

Reach more customers

Cheaper

No store

Small businesses usually don’t have the finance for a shop especially internationally

Not having to invest

Sell directly to customer - no middle man - therefore lower costs, lower prices

Question 4

Example of not having to invest and small business

Answer 4

Amazon started in a garage and then online as store was too expensive

Question 5

Disadvantages

Answer 5

Goods are hard to judge from a computer - customer wants to see the real thing

Invest in specialist to create website

Large businesses will have to buy warehouses for large volume

More competition from other countries. Therefore negative effect on profit

Question 6

Example of more competition from other countries.

Answer 6

Bol competes with Amazon

Question 7

Example of goods being hard to judge from a computer

Answer 7

Want to see the real thing