Describe E-Commerce With Advantages and Disadvantages

E-commerce (electronic commerce) refers to the buying and selling of goods and services over the Internet. Advantages:
  1. Global Reach: Businesses can reach a global audience.
  2. Convenience: Customers can shop 24/7 from anywhere.
  3. Cost Savings: Lower operational costs compared to traditional retail.
  4. Personalization: Tailored shopping experiences based on user data.
  1. Security Concerns: Risks of online fraud and data breaches.
  2. Lack of Tangibility: Inability to physically inspect products before purchase.
  3. Dependency on Technology: Reliance on Internet connectivity and devices.
  4. Competition: High competition with numerous online businesses.
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