Implications of E-commerce for suppliers and advantages for consumers.

“Explain why e-commerce is likely to benefit consumers and highlight the implications for suppliers.” Over the last decade, from 1990 onwards, the massive growth and expansion of the information superhighway has opened new doors in the field of business and economics. A large part of this is what is known as e-commerce. E-commerce, also known as electronic commerce is basically the buying and selling of products and services by businesses and consumers over the Internet. Such …

…method to advertise and reach a large audience. There are so many reasons why e-commerce is good for consumers, the main one being because prices are so much lower than high street stores. But, despite the fact of the massive potential of e-commerce, it is bound to have some flaws; for example, it will put many people out of work. Also, the long-term effect that e-commerce has on the economy has not yet been determined.