Saturday, March 2, 2013

Explanation of how e-commerce has changed the way people buy goods and services, choice, cost, location and..? -

explanation of how e-commerce has changed the way people buy goods and services Including choice, cost, location and flexibility ?

Choice is enormous than physical market/offline worldDue to worldwide competition cost is reasonableYou can buy any thing from anywhere across the globeYou get whole lot of ideas, suggestions, experiences through social media sites viz. orkut,facebook,twitter etc. Credit cards, net banking, paypal provide flexible payment options.

This is one of the major development and change which has taken place during the present decade in the way of carrying out sale and purchases by a seller and a buyer. Here the the consumer would have the choice of picking his goods from out of a variety and assortment, and all this can be carried out by using the internet. The traditional ways of selling goods and services has undergone change, much to the benefit of both the seller and the buyer. Even to take delivery of a thing, the buyer does not have to fetch it. An arrangement is put in place by the seller, in which his representative would deliver the goods at your doorstep. Goods can be anything form pizzas to toys, dresses, apparels, shoes - you name it, and everything is included. Payment of the cost of the goods takes place through credit cards. It has evolved a Win-Win situation both for the seller and buyer. Another important aspect is that a buyer can place orders to suppliers/sellers from anywhere in the globe. E-Commerce has come to stay, as it offers these unique facilities. As penetration of information technology has been increasing with every passing day, more an more people have taken to using the technology to leverage their business etc. It enables one, among other things, to save a lot of cost.

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