What advantage does e-commerce provide to businesses?

Prepare for the SQA Higher Business Management Exam. Enhance your skills with dynamic flashcards and practice questions. Explore hints and explanations to ace your exam!

E-commerce provides significant advantages to businesses, and one of the most notable is its ability to enable trading 24/7 globally. This means that businesses are no longer confined to traditional operating hours or geographical limitations. Instead, they can reach customers at any time of the day, regardless of their location across different time zones. This constant availability allows for continuous sales opportunities, which can lead to increased revenue and market reach.

By operating online, businesses can tap into global markets without the need for physical stores in every location. This expanded access helps them attract a wider customer base and respond to varying consumer demands at any hour. The around-the-clock nature of e-commerce is particularly beneficial for customers who prefer shopping at their convenience, thus enhancing the overall customer experience and satisfaction.

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