The impact of technology on tertiary sector can be evaluated from 2 perspectives:
B2B is often seen when companies are designing,advertising or online software solution in various applications
Electronic Commerce or E Commerce refers to trading goods and services using the internet.
- B2C[Business to customers]
- B2B[Business to business]
B2B is often seen when companies are designing,advertising or online software solution in various applications
Electronic Commerce or E Commerce refers to trading goods and services using the internet.
Advantages of E Commerce
- The operating cost is less as the firm does not need a fancy store where the goods are regularly displayed and transactions take place
- The cost of developing a website is less than the cost of setting up a store
- Consumers that are not able to go to the stores will develop a brand loyalty towards electronic commerce because it gives them a solution
- E Commerce can enable a business to take multiple orders without opening a single store
Disadvantages of E Commerce
- Delivery cost is involved, especially for people living far away
- Difficult to understand credit card forgery
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