ONLINE TRADING

Impacts of Online Trading and Ecommerce on the Economy of UK

Executive Summary

The utilization of the Internet for business transactions has developed drastically over the past few years. Roughly three out of five associations are utilizing E-commerce to some degree and an extra one-fifth state they plan to take part sometime later. However, the estimations vary, there is strong consensus regarding proceeded development, with ideal projections of B2B E-commerce bargains running from $634 billion to $3.9 trillion for 2003. Further, the same amount as 80% of business transactions might happen online by 2014. While there is undoubtedly that E-commerce transactions will press on to build, the rate of extension may diminish given the present monetary slowdown and the decline encountered by the advanced technological area. This paper discuss about the impact of E-commerce on the UK Economy.

Executive Summaryii

Research Question & Objectives1

Research Question1

Essentialness of Ecommerce from Organization's points of view1

Essentialness of Ecommerce from Consumer's point of view1

The Issues Identifying With Ecommerce1

Security Concerns2

Objectives and Observable Outcomes2

Systematic Literature Review3

Introduction3

Steps Taken For Searching the Databases4

Selection of the Keywords4

World Bank Data5

Systematic Literature Search or the Algorithm Approach6

Analysis & Critical Evaluation7

The Discussed Research Paper with its source7

Voluntary Conversion8

A Losing Cost Structure8

Unlimited Delivery, Free Returns8

Research Methodology and Data Gathering Methods9

Role of e-commerce in business strategy9

Specialized technical advancements in E-Commerce10

Research Proposal11

Research Question11

Introduction12

The Online Economy12

E-Commerce in Europe13

Impact of Online Trading14

Impact of Ecommerce on the Economy14

The Impacts of Online trading on the GDP of UK15

Aggressive business17

The Presence of U.S17

The Business18

The Strategies and Methods Used To Generate and Analyze Data18

Future Impacts on the Population18

Research Sub-Questions19

Future Recommendations19

Impact of Online Trading on the Economy of UK

Research Question & Objectives

Research Question

What are the possible impacts of the E-commerce and how the E-commerce has affected the traditional bricks and mortar businesses?

Essentialness of Ecommerce from Organization's points of view

E-Commerce additionally can give a great deal of profits to business conglomerations specifically in term of expense decrease and arriving at worldwide business. Distinctive profits incorporates that profits such as it decreases sets back the of' finances for stock administration, arriving at worldwide business, checking the buyers' getting inclination and engage, decreases expenses to secure store front, decrease work costs and lessen promoting expenses.

Essentialness of Ecommerce from Consumer's point of view

The points of interest of E-commerce from the points of view of shopper incorporates more extensive extent of decisions, features or utilities might be bought from remote zones, give more stupendous control to customer, cost illustrations, save time and benefit.

The Issues Identifying With Ecommerce

It has been regularly stated the Internet has levelled the playing field, remarkably so in the universe of ecommerce. Without the requirement for a universal store front, a vendor can exceptionally start offering forcing features. Granted that the playing fields identifying with physical expenses and customary promoting expenses have been levelled, a dealer looking to work together on the Internet experiences new playing fields with new obstructions.

While boundaries in the block-and-mortar planet are demarcated by breaking points, boundaries in ecommerce are characterized by the unrestricted nature of the ...