EBay is an American transnational corporation that utilizes an online interface to transmit its business globally. To become a transnational corporation your business must facilitate its operations in more than one country. EBay hosts an online marketplace where consumers and merchants can trade new and used goods for discounted prices. EBay has made it easier to shop from other countries through the process of deterritorialization. The website is also a good example of globalizing culture; which will be discussed later in the paper. EBay has not only transformed the online marketplace, but has been especially successful doing so. In an interview conducted with Entrepreneur.com, a former Fortune 500 company IT consultant stated that, “EBay became a $10 billion company selling something used cheaper than new,” (Girard, 2011.) This emphasizes how successful this business has become and what the future may hold for EBay as well as companies alike.
Competitive superiority: whose resource is really better. eBay has improved substantially in terms of committing internal resources to improving customer experience. Other sites such as yahoo or Amazon, might still have better services, but eBay has
According to E-Commerce statistics (2016), “Retail e-commerce sales in the United States are projected to grow at a fast pace in the coming years, going from 322.17 billion U.S. dollars to just over 485 billion U.S. dollars” (para.2). Generally, people think E-commerce is simply buying and selling of goods and services through electronic media. In today’s digital world this definition of e-commerce is not very comprehensive and well define. According to Gupta.A. (2014), “ E-commerce is the electronic communication and digital information processing technology in business transections to create, transform, and redefine relationships for the creation between or among organizations and individuals” (p.2). There are different categories of electronic-commerce, such as Business-to-business (B2B), Business-to-consumer (B2C), Business-to-government (B2G), Consumer-to-consumer (C2C), and Mobile commerce (m-commerce). All these methods of conducting business or selling or buying products is through a proper digital /electronic channel. In this paper, the discussion is more about online shopping through Internet and mobile device. Nowadays, on line shopping is getting popular among people of all ages. From ordering pizza to ordering a big giant T.V through the Internet is very common. Many people are switching their method of purchasing goods from stores to websites. Dawson (2016) stated that, today, in most established countries, approximately 60% of people like to purchase via
As described by Reynolds, E-commerce takes several forms, including business-to-business (B2B), business-to-consumer (B2C), consumer-to-consumer (C2C), and e-government (e-gov). It’s any type of organization, or that includes the transfer of information across the Internet. It covers a range of different types of businesses, from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge (Reynolds, 2016). While there are multiple factors of e-commerce operation for retail interacting with its customers the three primary benefits are effective customer service, convenience, easy and timely efficient orders.
There are many things that make us human, such as language, love, and labor markets. In this modern age of technological progress, little has been spared the sweeping change that technology brought. Trade, one of the most human of concepts, has not been an exception. From bartering to banking to eBay, trade has certainly been through a lot. Yet what has this change entailed? There are various advantages to embracing the era of buying online, such as spatial convenience and information transparency, along with several potential disadvantages, such as monetary theft and subpar service.
With each passing day and season, the world is introduced to new technological experiences and revolutionary ideas which have helped to shape and dictate consumer behavior. Currently, people get to do their shopping from the comfort of their homes or while in their offices or even while on vacation. Technology has indeed helped to change the world and increase efficiency and effectiveness in some activities. During e-commerce’s inception, some sceptics and critics thought the idea was flawed and deemed it man’s infatuation with development. However, e-commerce has completely revolutionized consumer behavior and has also created myriads of opportunities for growth. The jobs have been created, millions of dollars generated, and shopping has never been this easy. However, there are still some factors or lines of thought in relation to e-commerce that need to be explained. For example, the ethical issues surrounding e-commerce, technological innovations behind e-commerce, and societal reactions towards the invention and adoption of e-commerce. While assumptions can fuel a conversation, one can never depend on them fully and hence the focus of this article on ethics, society, and technology.
Louis Vuitton is one of the most copied brands in the fashion world due to its image as a status symbol. Ironically, the signature Monogram Canvas was created to stop counterfeiting. In 2004, Louis Vuitton fakes accounted for 18% of counterfeit accessories seized in the European Union. Louis Vuitton alone generates more than half of LVMH groups operating profits.
However, this research basically focuses on the impact of protection of small-scale designer products received by online retailers in UK and India.
Contract issues in the supply chain usually arise when parties haven’t established contractually who has the right to sell online. Whether the manufacturer allowed to sell products online or should it sell through its dealers and distributors sometimes depends on the language of contracts agreed on without considering online sales or even before the Internet became
Imagine a world where every time someone wanted to buy or sell a product their only option was to travel to a store. Today, shopping on the internet is commonplace, but less than 20 years ago companies would hire technicians to teach them how to use the scroll bar and other simple functions. Once enough people knew how to use the internet, the idea of selling products online came into fruition. Many people believed they could make a large sum of money quickly by starting a business online. Before this time the internet was too complicated to use for most people. Online shopping and retail have revolutionized shopping and has promoted economic growth, made it easier to buy and sell, and has created a new type of danger.
When a business sales a product online, they do not comply with the same law to the other country where their product is being sent to. The business is also don’t have the same laws in the country in which the customer lives in.
Over the past decade buying and selling has changed drastically from where it used to be, many of these changes are for the good, as well as some which may be considered to be negative. The days of being the first person in a store to buy the newest item on the shelf are nearly gone with the advancements in technology, and the rise of popularity of social media web sites. Many people now are one click away from being able to purchase the latest items trending around the world ranging from food, clothes, and entertainment.
Despite the heavy expansion and encouraged viewpoint towards the advancement of the internet shopping in the future, unfavourable features are also becoming regularly attached to it. Consequently, though this process seems to be very user-friendly, there are a number of risks attached to it. For instance, Internet provides very insufficient protection for the use carrying out the credit card transactions as well as sharing personal information of the consumers (Pallab, 1996). Another concern of consumers is about buying a product without touching and testing it physically from an unknown vendor. Thus, consumers perceive some amount of risk while buying products online. Alternatively, it can be said that buyers may worry about the quality of the purchased product whether it will work as it is intended to be or not. Also, the effort made in doing shopping and money spent, all can go in waste. Various researches have been carried out on e-commerce and it has found various elements that has developed this inconsistency. Among all, trust of the consumer has been found to be of the major concern (Wang and Emurian, 2005).
Second, the Web upsurges the speed and competence of business infrastructures. Additional, the Web creates a net of customers who frequently have significant stages of interaction by each other. Web trades that violate the rule or breach ethical values can face rapid and penetrating reactions after many clienteles and other stakeholders who develop aware of the trades’ activities. Territorial limits in the physical biosphere serve a useful drive in traditional trade: They spot the range of ethos and reach of appropriate laws very clearly. When persons travel across global borders, they are complete aware of the change in many ways.
Thanks to development technology, e-commerce, which has revolutionized nearly every industry in the world has become more and more popular and effect on a business and people (Bandyo-Padhyay, N. 2002). According to Bandyo-Padhyay. N (2002), it is a trendy expression that web based business performed in the right on time to the center of the 1990s and quickly turned into a typical term in the business and scholastic world. Internet business (Electronic trade) implies working business electronically which is exchanging products, services, and expertise utilizing PCs connected to each other. Nowadays, a business should respond to the growth of e-commerce, if they want to remain competitive. This essay will show the importance of e-commerce,