Uploaded on Sep 14, 2021
PPT on Retailer VS E-Commerce.
Retailer VS E-Commerce.
RETAILER VS E-COMMERCE
INTRODUCTIO
N
In the simplest terms, retail and e-commerce seem
to be very similar: retail and e-commerce both refer
to what happens when a product from a business is
sold to an individual consumer for their own use,
except one of them is done exclusively through the
Internet.
Source: prisync.com 2
WHAT IS
E-COMMERCE?
Short of electronic commerce, these are commercial
transactions carried out through an electronic
network such as the internet. In this case,
businesses list their products on an online platform
whereby consumers can view the product
descriptions, prices, and images.
Source: http://www.differencebetween.net/ 3
TYPES OF E-
COMMERCE
Business to Consumer (B2C) – This is the sale of
goods and services from a business to a consumer
Consumer to Consumer (C2C) – This is the sale of
goods and services from a consumer to another
consumer.
Business to Business (B2B) – This is the sale of
goods and services from a business to another
business enterprise.
Source: http://www.differencebetween.net/ 4
ADVANTAGES OF
E-COMMERCE
• It serves customers within a wide geographical
location
• The cost of starting an e-commerce business is
low
• Customers can shop on a 24/7 basis
• It allows comparison of products pricing from
different e-commerce sites
• It’s convenient as customers can shop from the
convenience of their homes
Source: http://www.differencebetween.net/ 5
DISADVANTAGES
OF
E-COMMERCE
• It may be harder to close a sale as consumers do
not have a face to face communication with the
seller
• Consumers can only see and touch a product
after purchasing.
• It may take long before goods reach consumers
Source: http://www.differencebetween.net/ 6
WHAT IS RETAIL?
This is the sale of goods in small quantities from a
single point such as a departmental store,
supermarket, shop or mall in small quantities. For
instance, a consumer in dire need of a mobile phone
will purchase it at the nearest store.
Source: http://www.differencebetween.net/ 7
ADVANTAGES OF
RETAIL
• Consumers have a face to face communication
with the seller hence improving the chances of
closing a sale
• Consumers can see and even touch a product
before purchasing. This minimizes the possibility
of purchase returns
• Goods are obtained immediately after a
purchase
Source: http://www.differencebetween.net/ 8
DISADVANTAGES
OF RETAIL
• It only serves people within a specific region
• The costs of starting a retail business are high
due to additional costs such as store rent
• It makes it hard to compare pricing within
different vendors
• Although some stores are open 24/7, most stores
are only open up to a specific time
Source: http://www.differencebetween.net/ 9
SIMILARITIES
BETWEEN E-
COMMERCE AND
RETAIL
• Both aim at providing products and services to
the consumer
Source: http://www.differencebetween.net/ 10
DIFFERENCE
BETWEEN E-
COMMERCE AND
RETAIL
The retail process takes place through multiple
channels of distribution, whereas eCommerce is
exclusively restricted to the internet.
Source: www.contrado.co.uk 11
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