Q1) What is E-Commerce?
Answer: E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet.
Q2) What are the advantages of E-Commerce?
Answer: The advantages of ecommerce are as follows:
- Safe, distanced buying and selling
- Door to door delivery
- No need to visit marketplace / use cash
- It is available 24/7 and orders / transactions can be made anytime
Q3) What are the major changes in Commerce during the pandemic?
Answer: To summarise, the major changes in commerce are:
- Traditional commerce and retail went down due to issues in sanitation and safefy of public marketplaces
- People distrusted these malls and shops as large crowds meant more exposure to coronavirus
- E-Commerce gained a lot of popularity due to the advantages mentioned in the answer above
- People started shifting to ecommerce and online payment drastically and shops had to be shut down in many places
- This has led to the speeding up of the vision of 'Digital India'
Q4) Will the Use of E-Commerce continue after the pandemic?
Answer: Reseach and analysis tells us that this increase in E-Commerce will likely continue after the
pandemic as people have been exposed to a new way of retail that is easy, comfortable and secure.
That said, when stores open up, the crowds will be back, and people may start going to physical stores
again.
Some research says that drive-throughs and pick-ups may be popularised as people try to
spend lesser time in stores and merge e-commerce and traditional retail.
