6.9.

2: Internet Shopping
Internet banking and internet shopping:
Internet banking is a huge part of internet shopping as there
are online transaction with every online purchase and for a
safe transaction, your account should be properly secured.
This can be done by managing transactions between
accounts and managing payment of bills.

Advantages:
 Travel cost reduces as people don’t have to travel to get
resources.
 It is less time consuming as people can just search what
they are looking for instead of roaming around
searching in a big store for hours.
 Helpful for people with disabilities and old people as
they can sit in comfort of home.
 As it is online it can be done 24/7

Disadvantage:
 People can become lazy staying at home and a lack of
socialism.
 Lack of exercise can cause health risks
 There are a lot of issues with security like hacking
 Accidently using fraudulent websites.
Effects on other companies:
 Companies can save cost as fewer staff is needed
 Customer base is increased due to internet
 Loss of customer base as less customer-employee
interaction.