- 10 Marks
BMIS – L1 – QE5 – The internet, cloud computing, IS security and blockchain
Question
List the potential benefits of the internet and e-commerce for:
(a) suppliers
(b) customers
Answer
(a).
- Wider market coverage at a relatively low cost
- Relatively low cost of effecting a sale
- Relatively low cost of communicating with actual and potential customers
- Can be linked easily to a system for recording management information about sales.
(b).
- A convenient 24/7 method of shopping.
- Easy access to a large number of potential suppliers
- Ability to shop around for the best deal (for example, the lowest price)
- Fast service
- Convenience of immediate delivery for electronic products
- Tags: Benefits, Customers, E-commerce, Internet
- Level: Level 1
- Topic: IS security and blockchain
- Uploader: Samuel Duah