State any four points highlighting the importance of e-business to the buyers. - Business Studies

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Answer in Brief

State any four points highlighting the importance of e-business to the buyers.

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Solution

Four points highlighting the importance of e-business (i) of the buyers:

  1. Wide range of products and services: E-business allows clients to select a product or service of their choice from a variety of products or services offered by numerous vendors.
  2. Convenience: Buyers can purchase any product on the internet from anywhere and at any time, with 24 x 7 customer assistance, without leaving their homes or offices.
  3. Saves money: Because of this, the products offered by e-businesses are less expensive than those available in real markets. In the case of e-commerce, the revenues of middlemen are gone.
  4. Availability of detailed information:
    1. Searching numerous e-commerce sites yields various bits of information on merchants' items and services. Products they sell, all sizes or colours of products they offer, how to order the quality of the product, product reviews, and so on.
    2. As a result, a consumer can make an informed decision.
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2022-2023 (March) Official

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