Illustrate the merits and demerits of e-commerce with suitable examples.

Question

Accepted Answer

Merits of e-commerce: Convenience (shop anytime without visiting a store, e.g., ordering clothes from Daraz), Wider Reach (businesses can sell worldwide), and Cost-Effective (reduces shop and staff costs). Demerits of e-commerce: Security Risks (online transactions may be vulnerable to fraud), No Physical Inspection (customers cannot see or touch products before buying), and Delivery Issues (products may be delayed or damaged during shipping).