How Does Technology Affect The Future Of Online Shopping?

An increase in Internet maturity, correlates with an increase in real per capita GDP on average of $500. Looking back to the Industrial Revolution, it’s growth took 50 years to achieve these same results. This demonstrates both the magnitude and impact the internet delivers to all levels of society. In the French Economy, the internet had reported to have destroyed 500,000 jobs over the past 15 years, but has also over those same amounts of years has created 1.2 million new ones. For every job the internet has taken away, it’s created twice the amount. It’s safe to the internet has been able to increase the worlds GDP bringing great growth to the

Of course the Internet brings lots of competition among retailers, which affects the supply conditions within an industry. Companies overseas are able to place their products on the net, which in return expands their market, and therefore sell to a larger area this causes force of lower prices and creates a greater incentive for sellers to set apart their products or services.

When comparing two different ways of shopping most people do not even think about the difference, they do both and not even realize it. In today's society people shop while at work, after work and on the weekends, whenever time permits. Stop and think how can I get more time in the day for family or just myself? The best way to figure that out with all the recourses we have is to go into a store and spend time looking through racks and waiting in endless lines to just purchase something. I compared going into a store verses online shopping; to see which one will save you time and money.

The internet has changed the way we live and the way we do business. I could live with or without the internet. I am used to not having material things. People today say they cannot go anywhere without their technology. “Technology has created a number of issues that companies have to deal with such as privacy and property rights”. (O. Ferrell).” Sustainability Issues: impact global warming, pollution, cap and trade, and biodiversity. Influence on Society: Internet, Privacy, Intellectual Property, Health, and Quality of life. Walmart has taken the leadership position in sustainability; *Zero Carbon *Emissions * Recycling and reuse”. (O. Ferrell). There are some positive and negative things that deal with our technology. “Even a small business with a website can reach markets around the

Lubbe (2003) establishes that “E-commerce presents unique opportunities for less developed countries to greatly expand their markets, both internally and externally. Externally, the Internet and other technologies may allow for low-cost international trade, even for small, local businesses. Internally, many groups of citizens who had been considered "marginalized" and "unbanked" may gain affordable access to financial services, and may thus participate more readily in all aspects of the economy.” Since e-commerce opens frontiers and eliminates the long distances now you can buy products that seem imposible to reach the economical impact depends on the industry involved for some can be beneficial such as walmart because they still have physical store and for some others can be not as beneficial.

E-commerce Explain what is meant by the term ‘E-commerce’. It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter-company and intra-company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web, electronic funds transfer, smart cards, digital cash (e.g.

Buyers are increasingly price-sensitive and value conscious and are more likely to make purchasing decisions based upon perceived price\value.

One thing that is certain is that the world has become more connected and this growth in online shopping has become a necessity to keep abreast of modern times.

There are many reasons why consumers patronize Internet shopping. To a consumer, one reason is that they believe that they pay a cheaper price for the products and services by using the Internet than they would, for similar products and services at the conventional retail stores (Koch, 2003). Research by Harris and Abate (2000) indicates that most Internet prices are cheaper than those charged by traditional retail stores, even with the additional shipping costs that need to be borne by the customers. However, getting a better price ultimately depends on the consumer’s information search behaviour. Consumers who spend more time searching over the internet are more likely to find lower prices or a wider

Nowadays with the ever rapid development and increasing popularity of the information technology, shopping on the internet has been a fashion especially among the youngsters. But some people think brick and mortal stores are better than online stores. In my opinion, online shopping has more benefits in modern capitalist countries. Although traditional shopping can buy merchandise directly, online shopping is not only more convenient for people to buy it, but it is easier to compare goods than traditional shopping, and it also promotes economic development and promotes the development of other industries.

Knowing all of this and how far the internet has already come…I realized how much farther the internet really has left to go. In a small window of time, the internet has had an extraordinary impact on how people live their daily lives. It gives the human mind the capability to access new ideas, information and endless possibilities. Which leads to the chronological question, if this is what the internet can do now, what will the future of the internet look like? Even though the internet has already had a significant impact on society thus far, nobody saw it coming even though everybody could predict it. In a world that is constantly changing, the internet is constantly adapting. The true computer revolution has begun but only cracked the surface into the boundless levels it has the capability to reach. In the future the internet will expand in three major areas, speed, intelligence and connection.

The internet is a vast network of computers that connects many of the world’s businesses, institutions, and individuals. It allows millions of people throughout the world to send and receive messages to each other, share information, and play games (Naughton 4). It was initially designed to aid the government and help people expand academically, but it is now becoming more commercialized and used in ways that it was not made for.

Despite the rapid growth of E-commerce sites, 43 percent of the them fails, and the difference between the success and the failure is consumer experience, according to Ecommercetimes.com. The Dotcom Survival Guide reported there is still one resource left untapped that can save dotcoms from failure. It's the one resource that historically is most ignored in favor of ads, press, and flashy features yet it's the one resource that can lead dotcoms to survival. That resource is customers. Customers can provide the revenues needed to attain profitability. Customers can give the word-of-mouth marketing to drive traffic. Customers can give the feedback needed to continually improve the website.

Describe three techniques retail merchants use to integrate their online and offline sales channel beyond having an online store.

The Online Shopping Mall / Site application provide suitable solutions for business owners as well as customers using the internet. This allows the business owners to organize their online shops, and allows the customer to browse through the shop and purchase suitable items online without having to visit the shop. The administrator maintain various lists of shop category