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Define e-commerce discuss the benefits and risk of e-commerce?
Wiki User
∙ 14y ago
Simply put, Ecommerce is the buying and selling of goods across an electronic network.
Benefits: Ease of use. There is a reason Ecommerce has exploded with the use of the internet, who doesn't want to shop from the comfort of their own home in their underwear!
There are so many aspects to Ecommerce, and this is just the most general of overviews. That being said, here are some risks.
Risks:
E-commerce is no longer the wild west of business. It is regulated by government industries, includes sales tax, and is a variety of safety measures have come on to the scene that make sure your banking information is secure. That being said, no website is 100% safe, and one should be especially wary of websites that make little attempt at online security. If you use your judgment you should generally be fine.
Wiki User
∙ 14y ago
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