Uploaded on Sep 14, 2021
PPT on Retailer VS E-Commerce.
Retailer VS E-Commerce.
RETAILER VS E-COMMERCE INTRODUCTIO N In the simplest terms, retail and e-commerce seem to be very similar: retail and e-commerce both refer to what happens when a product from a business is sold to an individual consumer for their own use, except one of them is done exclusively through the Internet. Source: prisync.com 2 WHAT IS E-COMMERCE? Short of electronic commerce, these are commercial transactions carried out through an electronic network such as the internet. In this case, businesses list their products on an online platform whereby consumers can view the product descriptions, prices, and images. Source: http://www.differencebetween.net/ 3 TYPES OF E- COMMERCE Business to Consumer (B2C) – This is the sale of goods and services from a business to a consumer Consumer to Consumer (C2C) – This is the sale of goods and services from a consumer to another consumer. Business to Business (B2B) – This is the sale of goods and services from a business to another business enterprise. Source: http://www.differencebetween.net/ 4 ADVANTAGES OF E-COMMERCE • It serves customers within a wide geographical location • The cost of starting an e-commerce business is low • Customers can shop on a 24/7 basis • It allows comparison of products pricing from different e-commerce sites • It’s convenient as customers can shop from the convenience of their homes Source: http://www.differencebetween.net/ 5 DISADVANTAGES OF E-COMMERCE • It may be harder to close a sale as consumers do not have a face to face communication with the seller • Consumers can only see and touch a product after purchasing. • It may take long before goods reach consumers Source: http://www.differencebetween.net/ 6 WHAT IS RETAIL? This is the sale of goods in small quantities from a single point such as a departmental store, supermarket, shop or mall in small quantities. For instance, a consumer in dire need of a mobile phone will purchase it at the nearest store. Source: http://www.differencebetween.net/ 7 ADVANTAGES OF RETAIL • Consumers have a face to face communication with the seller hence improving the chances of closing a sale • Consumers can see and even touch a product before purchasing. This minimizes the possibility of purchase returns • Goods are obtained immediately after a purchase Source: http://www.differencebetween.net/ 8 DISADVANTAGES OF RETAIL • It only serves people within a specific region • The costs of starting a retail business are high due to additional costs such as store rent • It makes it hard to compare pricing within different vendors • Although some stores are open 24/7, most stores are only open up to a specific time Source: http://www.differencebetween.net/ 9 SIMILARITIES BETWEEN E- COMMERCE AND RETAIL • Both aim at providing products and services to the consumer Source: http://www.differencebetween.net/ 10 DIFFERENCE BETWEEN E- COMMERCE AND RETAIL The retail process takes place through multiple channels of distribution, whereas eCommerce is exclusively restricted to the internet. Source: www.contrado.co.uk 11
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