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E-Commerce: Doing Business on the Internet - page 31 / 47

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Benefits of EC (cont.)

Benefits to consumers

Enables consumers to shop or do other transactions 24 hours a day, all year round from almost any location

Provides consumers with more choices

Provides consumers with less expensive products and services by allowing them to shop in many places and conduct quick comparisons

Allows quick delivery of products and services (in some cases) especially with digitized products

Consumers can receive relevant and detailed information in seconds, rather than in days or weeks

Makes it possible to participate in virtual auctions

Allows consumers to interact with other consumers in electronic communities and exchange ideas as well as compare experiences

Facilitates competition, which results in substantial discounts

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