The development of information technology-enabled exponential growth in e-commerce. Online buying has become a norm for the younger generation these days. The practice of buying online prevails in companies as well in field procurement.
There are mainly three advantages of buying online. They are convenience, best price, and the right to buy the most suitable commodity for the individual need . Convenience, online ordering choice offers the best convenient method for shopping, be it commodities or expensive gadgets. The user can save time, see the products online and the cash transaction can be done in a simplistic way. Online shopping offers a platform to get the best price from different sellers instantly. If someone decides to buy a bread toaster, he has the privilege to check multiple vendors online and make a decision to buy based on the lowest price. Most of the online shopping portals offer the capability to compare different products with the same functionality.
The adverse effects of online shopping by trade as well as individuals are numerous. In online shopping the buyer does not get a chance to physically sense the commodity, may result in disappointment when the actual crop gets delivered. Take the case of buying apparel online, the buyer does not get the chance to either assess the texture or size of the apparel. Another major detrimental effect of online shopping is the reduction in revenue it causes to local vendors. Online work has significantly impacted small shops or even eradicated them out of the field. Privacy and security threats are other major challenges in online shopping. By sharing personal data, the customer becomes vulnerable to cyber-attacks.
Like any other technology or medium of exchange, online shopping has its own advantages or disadvantages. Accountability of using the online buying benefit depends on the customer and every user, be it individual or companies.
subyraj