Advantage Disadvantage of Internet and EC
- This is a preview of the essay.
To view the full text you must login!
Advantage & Disadvantage of Internet and EC
Advantages
The rapid growth in information technology and the emergence of the Internet and World
Wide Web over the last several years have created many new methods of doing business.
While many of the technologies that support electronic commerce are not new, the ability
to use these technologies within and between businesses has been enhanced by the rapid
advances in technology over the last decade.
E-Commerce With the astonishing growth of the Internet, many companies are finding new
and exciting ways to expand upon their business opportunities. There are very few
successful companies that do not use computers in their everyday business activities, which
also mean there are few companies that do not use e-commerce. These are the advantages
of Internet and EC in general:
1. SPEED: Nothing can top this number one advantage of Internet and EC. The
Internet and World Wide Web give businesses opportunities to exchange messages
or complete transactions almost instantaneously. Even with the slowest
connections, doing business electronically is much faster than traditional modes.
With increased speeds of communication, the delivery time is expedited and that
makes the whole transaction from start to finish more efficient. Even more
significant is the fact that information appearing on the Internet can be changed
extremely rapidly...