The next generation use of internet with more maturity and distinctive communica

Question

The next generation use of internet with more maturity and distinctive communications platform is known as business 2.0. We can also call it e-commerce.

Benefits of business 2.0 :-

1. Convenience & Easiness:- It has made the purchasing convenient. Now people can select product from wide range of collection. Convenience to purchase saves a lot of time.

2. It has also decreased the inventory of the sellers. As company like Amazon provide platform to the retailers to sell their product.

3. It also give the full information of customer perception of purchasing so that only those products can be given top priority which is proffered by customer more.

4. It also allow customer to sell their products online. Companies like Quicker and e-bay use to sell old products.

5. 24*7 open market gives customer and extra advantage to shop anytime.

Challenges associates with business 2.0:-

1. When certain products are to be exchanged cost extra cash to company which can lower down the company profit.

2. Setting up logistic network for each and every customer is the biggest challenge.

3. In case of technical failure such as crashing of website can give business loss.

4. Online theft of money from customer account is a major challenge in this business.

5. Competition is very high in this mode of business which has lowered the profit margin.

Explanation / Answer

What are Emmar Properties (https://www.emaar.com/en/) Capabilities in busniess ?

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