Explain ecommerce versus traditional commerce .
Traditional Commerce v/s E-Commerce
|
Sr. No. |
Traditional Commerce |
E-Commerce |
|
1 |
Heavy dependency on information exchange from person to person. |
Information sharing is made easy via electronic communication channels making little dependency on person to person information exchange. |
|
2 |
Communication/ transaction are done in synchronous way. Manual intervention is required for each communication or transaction. |
Communication or transaction can be done in asynchronous way. Electronics system automatically handles when to pass communication to required person or do the transactions. |
|
3 |
It is difficult to establish and maintain standard practices in traditional commerce. |
A uniform strategy can be easily established and maintain in e-commerce. |
|
4 |
Communications of business depends upon individual skills. |
In e-Commerce or Electronic Market, there is no human intervention. |
|
5 |
Unavailability of a uniform platform as traditional commerce depends heavily on personal communication. |
E-Commerce website provides user a platform where al l information is available at one place. |
|
6 |
No uniform platform for information sharing as it depends heavily on personal communication. |
E-Commerce provides a universal platform to support commercial / business activities across the globe. |
