The benefits of studying EC are as follows:
- Non-Cash Payment- E-commerce enables use of credit cards, debit cards, smart cards, electronic fund transfer via bank’s website and other modes of electronic payment.
- Improved Sales- Using E-commerce, orders for the products can be generated any time, any where without any human intervention. By this way, dependencies to buy a product reduce at large and sales increases.
- Support: E-commerce provides various wage to provide pre sales and post sales assistance tp provide better services to customers.
- Inventory management- using E-commerce, inventory management of products becomes automated. Reports get generated instantly when required. Product inventory management becomes very efficient and easy to maintain.
- Communication improvement- E-Commerce provides ways for faster, efficient, reliable communication with customers and partners.