E-COMMERCE

E-Commerce



Global Impact of E-Commerce on Society

Introduction

E-commerce means all the business activities conducted using electronic data transmission via the World Wide Web and the Internet. A new relation is developing with the help of electronic media along with the customers that are arbitrating retail dealings completely. Nearly half or even more internet users are shopping online. A significant change is observed by researchers in regards to online shopping.

The e commerce sites specially designed to attract customers and shop online have portrayed a positive impact on the whole of society. The fastest growing industry all across the globe is evolving very fast through the globe. With the help of e commerce, the nations have accelerated their economic development and has also opened opportunities for the new businesses to grow (Windrum, Berranger, 2003, pp.177-201).

E commerce in the present world has made a profound impact on the society all across the globe. Within the privacy, of their homes people now have the easy access to shop whatever they like. This has in some of the cases forced several of the small business to shut the doors as they were facing losses. All in all e-commerce has changed the way of shopping and servicing. In the long run, e-commerce will bring a major impact on how to influence companies to market their product. Despite all the benefits that are still several challenges that re yet to be solved through the e commerce companies and even those companies who are now selling online.

Discussion

Competing globally

The internet has expanded the horizon of existing markets and has helped in eradicating the marketing and distribution barriers across the globe. The e commerce has not only educated people through shopping online but also transforming the present market place and changing the firms with selling policies. The business models of the firms have changed and have also sharpened the relations among the different markets existing across borders. E commerce has created a lot of market opportunities, through the recent advent of online selling outsourcing has also increased providing opportunities for the less developed or under developed countries (Efraim, pp. 358-368).B2C Electronic Commerce

Despite the fact, that B2B characterize the immensity of electronic commerce, even than Business to consumer in the electronic commerce has gained much attention and focus. Since, there is infiltration in the business PCs as well as in saturation in the networks an expected attention focusing and turning to the household segment. The press and the media has mainly focused on the e-commerce business that sell tangible such as computers, wine, flowers etc.B2B Electronic Commerce

The basic task of B2B e-market is to enable firms to find products, supplier, and customers, or to create markets on the Web. Deploying a basic B2B e-commerce, firms implement the electronic networks simply to automate the exchange of commercial documents. In a contract, B2B networks to create new inter organization operations with channel partners in collaborative B2B e-commerce. The results from Knight and Chan's (2005) survey suggested that the collaborative B2B commerce would provide firms with much higher productivity gains than the ...