Which of the following is an advantage of e-commerce?
I.Reduction of transaction costs
II.Shortened supply chain response times
III.Greater customer loyalty

Question

Quizplus · Accepted Answer

E-commerce allows for reduction in transaction costs as there is no need for physical stores and intermediaries. It also shortens supply chain response times by allowing for quicker communication and order processing between suppliers and customers. However, e-commerce does not necessarily guarantee greater customer loyalty as there may be more competition and comparison shopping available online.

Which of the Following Is an Advantage of E-Commerce