as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
analyze the pros and cons of e-commerce business models.
user
the pros of an e-commerce business model include cost savings due to no physical storefront or inventory, access to a much larger customer base, an easier and more efficient ordering process, and the ability to customize services with the help of digital tools. on the downside, internet security and cybercrime risk remain constant threats, digital marketing can be tricky and expensive, and there can be difficulties in managing customer expectations about delivery, refunds and returns.
assistant