Write down the disadvantages of e-business.
Or, Discuss the limitations of e-business.
Or, What are the demerits of e-business?
The present age is the age of information technology. Electronic business has developed around this information technology. As a result, the impact of e-commerce is present all over the world. There are many benefits to using e-commerce. Nevertheless, some difficulties can be noticed. There are some disadvantages of e-business. Such as –
1. Possibility of misunderstanding:
Electronic business is based on technology. The benefits of this business cannot be enjoyed without technical knowledge. Without it, face-to-face communication between buyers and sellers is not developed in this system. So many times there is a possibility of misunderstanding between the two parties.
2. Lack of interest:
Many times customers do not read all the messages attentively sent through the internet. Moreover, as there is no personal communication in this system, there is less mutual trust and confidence.
3. Technical knowledge required:
In order to participate in e-commerce, both the seller and the buyer need to have good knowledge about computer and internet technology. Even people in underdeveloped countries are not proficient in using computers and the Internet. For which not all traders can enjoy the benefits of electronic commerce.
4. The initial cost is very high:
In order to build an electronic trading system, the firm has to buy and install expensive equipment like computers, modems, etc. As a result, the initial cost of this system is very high.
5. Viruses:
Another deadly detrimental aspect of e-business is viruses. The virus enters the database through email, pen drive, floppy and destroys the data.
6. Cybercrime:
Cybercrime is the disclosure of confidential information of an organization to everyone through a network of computers. Cybercrime is the most harmful aspect of e-business.
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