Discuss the Global Impact of E-Commerce on Society. Essay

e-commerce is all about using the Internet to do business better and faster. Most businesses

The e-commerce website is a relatively new initiative, launched only in December 2012. In early 2014, the e-commerce sales made about 9% of sales with the goal to grow “to around 25% in the future” (Singh, 2014). As the website features most of the products presented in the physical stores, e-commerce is expected to turn into a great conversion tool, in general, and in the international market, in particular.

This incorporates how web shopping has provided included value to clients as they can purchase items from any place on the planet and can pose as a viable rival costs in the worldwide business to get the best arrangements and discover the best items. Before all else when e-Commerce was beginning individuals were uncertain about the level of administration that they would get. From that point forward numerous laws have been made so that e-Commerce organisations provide service of an incredible level and clients can expect the same level of administration as they would do in a high road shop. Client point of view has likewise changed on security issues and simplicity of using e-Commerce sites. In the first place individuals were uncertain about utilizing their charge cards online yet from that point forward numerous individuals are trusting when paying online and huge numbers of the more established era now shop on there.

E-commerce is a product that has been available since the early 90’s. It is something that people are familiar with. A product that is now part and parcel of people’s lives.

Many retailers have expanded their retail market to an online market. Using the internet to sell their goods is known as e commerce. “Ecommerce allows consumers to electronically exchange goods and services with no barriers of time or distance” (Network Solutions, n.d.). E commerce has expanded rapidly in recent years due to its convenience for the consumer and the increase in businesses that use electronic retailing (e-tailing). Businesses use different marketing methods in order to reach their customers and attract new ones.

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.

E-commerce has indeed revolutionized the world, and some of its benefits include access 24-hour operations, providing access to a global market, the removal of the middleman, provides a level playing field, reduces marketing costs,

E-Commerce is with no trouble the buying and selling of various merchandise and services over the web. Any individual with access to the web can have interaction with e-commerce buying and selling. E-commerce has two varieties of buying and selling and that is trade-to-patron (B2C) and industry-to-industry (B2B).

E commerce is also known as electronic commerce or E trade. Electric commerce or e commerce is the trade of a products or services by using internet or other computer networks. E commerce is where buyers and sellers come together to swap the commodities for money. They do not trade by shopping stores or through email or telephone operators. In e commerce buyer and

It is true that e-commerce easier and less effort than traditional business, this does not mean that the e-Commerce affects the traditional business from product compatibility. Nowadays People rely on the electronic images to buy products. Often, when they receive the products, it may not match the product which bought same electronic images. And people feel dissatisfied with such websites. Finally, it may not suit for buyers the needs of products from websites. Lack of "touch and feel" to keep people from shopping online.

Is about how e-commerce has affected society since online shopping became popular and mainstream. E-commerce has reduced the amount of social interactions people have because people don’t haft to leave their house to shop. People were initially sceptical about e-commerce as they were vulnerable to fraud or someone finding out your bank details. E-commerce is very popular because you can shop from anywhere in the world with an internet connection and order anything straight to your home. Also internet shopping is more convenient and less time consuming than going round multiple shops, also online it is much easier to find a greater variety of goods. Shopping online is very helpful to disabled people for an example a person without use of their legs could go shopping from home and not need help from anyone else as they would if they might if they went to a high street. A lot of products appear online before they do in stores and pre ordering is an option that allows an item to be dispatch shortly before or immediately on release. Also you can access online websites 24/7 which allows them to buy something whenever they want.

Electronic commerce, commonly known as e-commerce, refers to “buying and selling processes that make use of electronic technology” (Ebert, 274). With the development of technology, e-commerce becomes increasingly popular and affects traditional retail sales negatively. More and more people would like to buy and sell goods and services through internet. The statistic from Adobe Systems Inc., in 2017 “e-commerce sales are up about 17 percent,” conversely, “the number of people visiting U.S. stores on Thanksgiving and Black Friday fell 4 percent from last year” (Nassauer and Stevens). By considering this percentage, e-commerce has more competitive advantages than the traditional retail industry as it provides customers a more efficient and cheaper way to shop, increases businesses profits by reducing total company expenses, and leads to domestic economic stability and growth.

E-commerce has a no. of benefits to companies & customers in terms of cost reductions & time saving, which are equivalent to profit generation.

The widespread application of internet and prevalence of globalization give rise to various influential trends in business context, one of which is e-Commerce. According to (Browne et al., 2004), e-Commerce refers to a commercial platform that allow transactions to happen via electronic devices and digital environment that requires no face-to-face or human interaction as opposed to traditional mode of purchase. E-Commerce is revolutionizing the landscape of modern business environment by offering a convenient, rapid, borderless and timely mechanism for commercial transactions. Moreover, e-Commerce provides an alternative to traditional value chain in which manufactured products need to move through multiple layer of distribution to reach the end-users. In other words, via electronic platforms, suppliers can now access their end customers directly via web-based ordering system without the needs for wholesalers

An e-commerce website is simply an online shop which gives people an opportunity to buy things online. Nowadays, most people who have access to the internet have used e-commerce websites at some point. Many of the big retailers around the world have experienced a significant increase in sales after setting up an online store. In 2014 online spending of New Zealanders accounted for 6.3% of total retail sales or $2.9bn (BNZ Online Retail Sales Report, https://www.bnz.co.nz/assets/business-banking-help-support/online-retail-sales-index/pdfs/or2015-02.pdf).