m-commerce

• What is m-commerce primarily about?

  Buying or selling via mobile phones
• How is m-commerce related to e-commerce?

  It is a type of e-commerce on mobile
• What is a significant advantage of m-commerce for customers?

  It meets customers' needs conveniently
• How does m-commerce provide a retail outlet for customers?

  It allows shopping from their mobile phones
• How does m-commerce support changing lifestyles of customers?

  It allows shopping during work hours
• How can m-commerce assist busy parents?

  It enables ordering while juggling tasks
• What is a con of m-commerce regarding app usage?

  Apps are better than websites for execution
• What are the costs associated with m-commerce apps?

  Building and updating the app costs
• How does m-commerce affect price competition?

  It makes markets more price competitive
• Why is it easier for consumers to compare prices in m-commerce?

  Technology allows quick price comparisons
• What should businesses consider when moving into m-commerce?

  They need to consider their pricing strategy
• What are the pros of m-commerce?

  • Meets customers' needs conveniently
  • Supports changing lifestyles
  • Allows shopping anytime, anywhere
• What are the cons of m-commerce?

  • Better executed with apps than websites
  • High costs for app development and updates
  • Increased price competition among businesses