“E business gets failed due to the risk of default on the part of buyer or seller” which type of risk is this and how it can be eliminated?​

Dear student,

e-business lack personal touch, as buyer and seller are not personally/physically present at the time of transaction. It fails to attract the customers particularly in cases where personal touch is needed to sell commodities. There can be default in order taking or giving.

To overcome such risks the online vendor should verify all details like credit card no. etc provided by customer before the delivery of the goods.

Regards