Mark Angelo T.

Baral BSE-2

1.Where do you use the opportunities of E-Commerce actually in your daily life? Answer:
Today every one of us knows E-Commerce implies electronic commerce. E-Commerce basically
means to buy, sell and exchange products, services, and information through computer
networks. On an E-Commerce platform, a person can deal with customers around the world.
People carry out buying and selling of goods and services over the internet. Even payments can
be made using credit cards. For its ease and simplicity E-Commerce has instantly become
popular.

2.Which companies do you know which are doing E-Commerce? Answer: Amazon, Alibaba ,
Walmart , Lazada, Shoppee

3.Find additional advantages and disadvantages of digital business? Answer:

Advantages

-Further Reach than brick and mortar stores.

-More accessible to new entrepreneurs and

low barriers to entry.

- More ways to make money.

-Better marketing.

-Virtual/ cloud office.

- Instantaneous update.

- Save more.

Disadvantages

- Not accessible to everyone.

-Security concerns and privacy violations.

- Delivery or product/ service is not fast

- No Personal Touch
4.What is E-Commerce?How does it differ from traditional business model? Answer: E-
commerce or electronic commerce is similar to traditional commerce. It also includes the
exchange of goods and services. The solitary difference is that it is handled online through an
electronic network – the Internet. Now it has spread across to online social networks.

5.What are different business models available for E-Commerce? Answer: Business to
Consumer (B2C)

Business to Business (B2B)

Business to Government (B2G)

Business to Business to Consumer (B2B2C)

Consumer to Consumer (C2C)

Consumer to Business (C2B)

6. How can customer benefit from E-Commerce?

Answer: E-commerce allows customers to choose a product or service they want, from any
supplier, anywhere in the world. You have a much wider choice than in brick-and-mortar stores.
And the freedom to browse without any stress or hurry is priceless.