Disadvantages Of E Commerce

E-commerce is the online transaction of goods and services, which has completely revolutionized business and the way in which businesses can operate. It’s now easier for customers to compare prices/products with a little time spent browsing the Internet opposed to dragging themselves to the stores. This means that e-commerce is having an impact on what and how much businesses sell, therefore influencing the profits the business gets. In this essay I will consider whether an e-commerce strategy is the best way for a business to increase their profits, or whether e-commerce is not the best strategy to do this. I will be arguing that

The population of the Internet and World Wide Web has raised fast since 1990s with the development and advancement of computer technologies. Many firms have launched their business through the Internet because of this technology innovation. This resulted in various and widely sales of products in the Internet business. Online buying grows at an amazing rate. Therefore, companies that carry out Internet based business have great opportunities to succeed. Conversely, there is a greater competition and threats are all around considering that many companies had entered the online business (cited in University of Texas at Dallas.com n.d.).

E-commerce is the stores that provide service for customers via online. It sells a variety of products such as foods, drinks, and many others. It has different sectors which have many classes of businesses. For example online supermarkets are starting to grow today. Previously, have the physical stores or traditional stores but they build an e-commerce now. When e-commerce is becoming popular, they start to do it to get more profit. This essay will examine and evaluate how e-commerce has altered business practices in supermarket, including e-commerce grows very fast, profitable business and convenience for customers, enjoyable and comfortable to shop, and detail information in the e-commerce websites. It also will argue and evaluate the main tactics to increase the profit of internet trading, are convenience delivery home, having good marketing, and providing electronic transaction and good electronic assistance.

This study will prove that e-commerce has grown because it adds value to people’s lives. It will show that e-commerce will not disappear but evolve into something even greater than what it is right now.

Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e-commerce. Thus, the e-commerce and the online sale transaction become popular in each industry. E-commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints.

After a successful IPO, the electronic commercial (E-Commerce) colossus Alibaba boasts a world-class market capital of $231.4 billion according to the FORTUNE magazine [1]. With the huge success of Alibaba’s IPO, E-Commerce is considered as one of the most important and promising business in world. Then what is e-commerce? It is commonly exchanging goods or services via Internet. Today you can get all retail brands via their online presence and even private goods. Moreover, e-Commerce also includes business-to-business (B2B) transactions between manufacturers and suppliers or distributors or other business parties.

Summary statement of the problem: Amazon.com is a company that was founded by Jeff Bezos several years ago. A very educated and determined man with a vision and idea of what he wanted his company to be. In the second quarter of 2003 he realized that he would have to address some of his concerns about Amazon.com. The first being that the Internet Tax Moratorium law was going to be up for renewal, with no assurance of it being extended. Another issue at hand was that eBay and Yahoo! were starting to expand into Amazon.com’s markets.

(i) Firstly, Amazon were introduced back in early July 1994 as an electronic commerce and cloud computing company founded by Mr Jeff Bezos based in Seattle, Washington with a reputation of being known as one of the largest internet-based retailers in the United States. Starting off just as an online book retailer to broadening the company’s products to spread to DVD’s, electronics, furniture and anything you desire. Although having competition with other online retailers such as eBay, yet still managing to stay on top of the hierarchy with the most revenue for an online retailer with a value of $60 billion back in 2013 becoming one of the most popular brands on the internet.

Transactional websites also known as e-commerce (abbreviation for electronic commerce) are websites that are used for online trade between two parties (the buyer and the seller). Transactional website is a type of industry where buying and selling is carried through the internet. With the significant growth of the internet nowadays, transactional websites are also growing to the point that some businesses open solely on the internet as transactional websites. The trading process happens through credit cards like Visa, PayPal, and MasterCard etc.

The payment systems and protocols have been developed with the development of the electronic commerce. The current system of payment is consisting of the merchant, customer, and the payment gateways, the procedure is that the merchant receives the information of the customer’s payment and forward this information to a payment gateway in order to process the payment. This procedure holds several risks to the customer’s information because of the ability of the merchant to save the information related to the customer and may misuse this information later. The other possibility is that the information is compromised and the merchant is unaware when the information of the customer payment is forwarded to a payment gateway.

After I have gone through this article paper, my opinion would be, e-commerce is becoming a major factor in the development of business whether it is a global or a local business. This is happening because the selection of data innovation is on the expanding pattern and hence prompts various changes in business exercises. In any making decision situation, it has never been easy and that is the situation that the SMEs nowadays are facing in their business. Before I go further with the advantages of having e-commerce in SMEs, I will first start with the disadvantages. First and foremost is the organizational readiness. According to Chong (2009), the hierarchical preparation measures whether the associations’ traits are sufficiently adequate in receiving the e-commerce. They proposed that top administration backing is the most critical component to figure out if the organization is prepared to receive the e-commerce. Based on above citation, I can say that it is all depending on the level of understanding of someone in the SMEs in the usage of Internet at the workplace. In other words, this kind of people can be called as

Ecommerce proved its importance based on the fact where time is essence. In the commercial markets, time plays an important role to both the business and consumers. From the business perspective, with less time spent during each transaction, more transaction can be achieved on the same day. As for the consumer, they will save up more time during their transaction. Because of this, Ecommerce steps in and replaced the traditional commerce method where a single transaction can cost both parties a lot of valuable time. With just a few clicks in minutes, a transaction or an order can be placed and completed via the internet with ease. For instance, a banking transaction can be completed through the Internet within a few minutes compared to the traditional banking method which may take up to hours.

It is briskly expanding day by day, there are many pros and cons of E commerce, some of them are

In conclusion, e-commerce plays an important role in the growth of industry in both developed and developing countries. Although e-commerce may lead to inflation and loss of jobs, it still helps to increase productivity and create occupations for employees. It is a convenient tool for consumers all around the world to access the Internet and to buy and sell any products worldwide. Overall, e-commerce is necessary and without it, every country will be disabled to trade with other areas in the

In this way, E-commerce helps close the income gap and ‘provides the possibility of leap-frogging (pass over) for countries across the income distribution’, said Mr Harsha V. Singh, Deputy Director-General of the World Trade Organization (WTO). This is evident in the mobile phone market, he pointed out, as an increasing number of rural farmers in developing countries sign up for subscriptions, more of them are able to engage in mobile money services, open savings accounts & earn interest on their deposits.