E-COMMERCE

Financial implications of an e-commerce system

Name of Institution]Financial Implications of an E-Commerce System

Introduction

The world has changed into a global village and now everyone stays connected to each other almost all the time. Businesses are also becoming global, and trading is becoming easier and easier day by day. This is the reason why people prefer doing business online because it saves cost as well as time. Implementing an e-commerce helps a business gain a lot in terms of profits, as well as time. An e-commerce system helps the company in selling its products and services in a cost effective way (Botha, ...