Question

What are the most important reasons why eCommerce has seen explosive growth in recent years? In your opinion, will this growth in eCommerce continue? Why or why not? Perform a BRIEF SWOT analysis of eCommerce to support your opinions

Answer 1

Answer:

Consider the following explanation

Explanation:

In E-commerce or Electronic commerce we can buy goods and services over internet network is connected with it . In recent years this E-commerce has increased huge amount of money over internet and also it's popularity has also spread in the world.

Reason behind explosive growth:

1. People can buy products through internet from anywhere anytime.

2. Through internet we do not need to go the place to parches something we easily get that by home.

3. Because internet connected with this time is very less that also is very important.

4. There are limited stocks for different products by that we can ensure whether to buy it or not.

5. Vendor-specific solution is not needed.

6. Previously we can only buy things from an area but with it we can buy something from the world store.

7. And here price is also reasonable.

8. Because of net banking or money transfer through internet we do not need go the shop.

My opinion is yes, I think we should continue this because this is time consuming and also very helpful. And very honestly it is very easiest way to buy products.

SWOT analysis:

SWOT analysis stands for Strength Weakness Opportunity and Threat.

Objective of a swot analysis to build up your strength and to reduce or minimize your weakness. Every people has their own problem with SWOT. Not everyone is perfect in the world they have to overcome it. By this advantage of opportunities can be taken by you very quickly actually it learns how to take opportunities that try to relieve the threads.

In an industry E-commerce is changes very fast. SWOT can take very good deal with time. While you can do it by yourself, it is often better that you will not listen to anyone . There are some outside consultant who wants to give you more objective perspective.

Your customer will be your source of information that how much you are doing well, what you need to improve etc.