ICSE Class 10 Commerce 2019 Solved Papers

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Question : 22
Total: 31
Briefly discuss any five advantages of E - commerce over traditional methods of transactions.
Solution:  
Advantages of e-commerce over traditional methods of transactions are give below :
(i) No geographical limitation : When it comes to traditional modes of transactions, it can only be possible where you have set up your physical store. But it is not needed in e-commerce. The whole world is their playground.
(ii) Save travel time : e-commerce saves the time of travelling as via the internet transaction can make easily, which is not possible in traditional methods of transaction.
(iii) Enable deal, bargain, caupons and group buying : Many of you would think that even traditional commerce offers deals, bargain etc. But e-commerce makes it more convenient and easy for customer to avail them.
(iv) Abundance of information : In traditional transactions, the only information you see is that written on the product, and the price of the product. In e-commerce additional information is easily available to the customers in just a click.
(v) Convenience : On the internet transactions can be made 24 hours, 7 days a week and 365 days a year. One can access any things from any where at any time. Such flexibility is not provide in traditional transactions.
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