Reduction of Friction
eCommerce research and other associated implementations can lessen the friction in online transactions. In economics, these frictions are referred to as transaction costs. Without online transaction costs, ecommerce can enable much smoother transactions between sellers, buyers and intermediaries.
Facilitating of Network Form
eCommerce also impacts business to business interactions. It can facilitate an organization’s network form where small firms depend on other component supplies, companies and partners.
Better Economic Efficiency
With the help of electronic commerce, we can achieve better economic frequency (lower costs), and more rapid exchanges (accelerated, high speed, or real-time interaction).
Exploitation of New Business
eCommerce highlights the exploitation and generation of new business opportunities to utilize the famous phrases “do more with less” and “generate business value.”
Enabling the Customers
Look for quality ecommerce website solutions in Malaysia that can help you enable your customers to have a say on how the products and services are delivered. This would make them feel like they have greater control with the entire fulfillment process.
Business Transaction Improvements
eCommerce endeavors to enhance the implementation of business transactions over many networks.
eCommerce can lead to more effective performances with much better customer satisfaction, quality, and corporate decision-making processes.