Online Shopping Advantages And Disadvantages

Online shopping and in- store shopping are different in various ways. Online shopping has become an increasingly common staple of life in the 21st century. It is popularity can be credited to the fact that convenience highly valued in our world today. Online shopping is most convenient for individuals that don’t have time to go to the store. If you’re busy with an online job or online classes then online shopping can sometimes be more convenient. It’s also convenient since you don’t have to drive, catch the bus, wait in a long line, or deal with not being able to find item. All you have to do is type in the item you are looking for and it’s there. Once you find the item, you can order it anytime because online stores never close.

In 1996, the Indian parliament passed the Derivatives act, which allowed online transaction of shares, thus making it much easier for all stakeholders to perform their task. Online trading, in simple terms, can be understood as buying and selling securities through the internet. Such trading commonly necessitates an online trading platform offered for order initiation and completion. This trading platform provides the investor with all the trading information necessary to make informed investment decision at any point of time. Securities trading can be done with a click of a few buttons and the investor has access to live market watch functionalities and intraday research dashboard with quick login.

Amazon is an online store that needs no recognition and customers are always satisfied with their products. As the number of customers is increasing, customer segments is also increasing day by day. Amazon is now a whole sale provider to many local and international businesses. This has led to the fact that customers want to check their orders before buying them and this is not feasible with only being an online store.

In the era of rapid development of information technology, online shopping into people's life, especially young people. Online shopping is a blow to the store, so people would compare the advantages and the disadvantages between shopping for goods online and buying goods in store. I think they have their own advantages and disadvantages, and online shopping and shopping in store are both important.

Retailers have adapted to the online marketplace out of necessity and opportunity. The great recession placed many retail companies in financial hardship and while some failed, others innovated and became some of the largest companies in America such as Amazon. A recent trend is consumers are buying more products online than ever before. As a consumer, I enjoy shopping in the convenience of my home and having the items delivered to my doorstep in 48 hours or less. Global internet access continues to increase, with mobile devices and affordable internet for the home, consumers will continue to shift and buy products online rather than in retail brick and mortar locations. Online sales in the United States have increased over 250% in the last ten years, accomplishing $250.0 billion in 2012 (Tehrani, 2014). Therefore, Amazon is in a solid market position to capitalize on the future trends and booming ecommerce

Amazon contracting so many third parties, is a weaknesses for them. Amazon operates at a near-zero profit business model. This has cut potential profits. Although Amazon has high volumes and huge revenues, it has not resulted into significant profits for the company. Roughly 50 percent of Amazons income is made by its’ third parties on the website. Although it looks like Amazon is making a lot of money for the year, half of the money is not theirs. Amazon does receive some money from the transactions made by the third parties, but they could be making a lot more money. Another weakness that Amazon has is that servers crash and it effects the confidence of the customers. Multiple outages of Amazon’s hosting and cloud computing servers are a weakness that needs to be solved immediately. If servers go down, then Amazon loses customers, purchases, and money. This leads to skeptical customers, less purchases, and could start a negative domino effect. Having only the online website, this has become a top priority in keeping the business running. A challenge Amazon has, is that they do not have any retail stores. Consumers like to feel, smell, and try on products when they are buying products. A customer who has the product in front of them, can get an idea of the quality of the product. In some cases, customers can tell if something is sturdy, cheap, or well made. A few

Often a person does not want to go out and buy a product they want or need, so they can go on Amazon.com and make the purchase from the comfort of their home. Amazon provides a convenient and easy way to buy products online. Although Amazon sells a large assortment of products, what they actually sell is good customer service. Their product is giving their customers the best shopping experience. That means offering the product that the customer is looking for, making it easy to find and purchase on their website, and making the shopping experience customized to each individual customer. The price is virtually free for the customer. The customer only sees the price of the products that

The traditional retail market has been transformed by technological advances. The internet today has allowed consumers to purchase various products from home ranging from apparel to groceries. The online shopping market has grown significantly within the past decade, leading to many online e-commerce startups such as Amazon, eBay, and mobile start-ups such as Instacart. While e-commerce provides convenience for shopping, it has created major disruption to the traditional shopping industries. Traditional retailers have since faced bankruptcy due to their inability to compete with such start-ups. The traditional American toy store, Toys R Us, announced its state of bankruptcy just last month due to a significant decline in sales. More and more consumers are turning to online giants such as Amazon to purchase daily items as a result of convenience. According to the Washington Post, Toys R Us is just one of more than 300 retailers to file for bankruptcy this year, as Americans ditch the shopping mall in favor of their laptops, smartphones, and tablets (Bhattarai, 2017). Shopping which used to require walking or a vehicle trip to stores is no longer required for consumers with online shopping. Online shopping has appealed to consumers worldwide by encompassing the business aspect of service convenience which constitute saving time and/or effort (Jiang, Yang, and Jun, 2012). For consumers whom have busy lives and those whom are physically disabled, online shopping is a positive

Downsizing, bankruptcy, and closure are words plaguing the retail industry. Large retail chains are being forced out of business because of the newfound popularity of online shopping. Jack Snyder has a first-hand relationship with these words. As an electronics sales manager for Sears in a small-town mall, Jack was forced out of his job when his store closed. After many successful years with the company, it came as a shock to him to not only lose his store and job but to not be offered something else within the company. Although he isn’t a real person, Jack’s situation has become increasingly prevalent across the world in the last several years to actual retail workers. Due to their popularity, online shopping giants will lead to the demise of traditional retail stores and ultimately cause an economic disaster.

Online shopping is defined as the act of purchasing products or services over the Internet, according to the Business Dictionary. Online shopping actually began in the 1979s as Michael Aldrich came up with the concept of teleshopping. In 1982, Minitel was created, by using this you were able to use the telephone to buying things, but this was only successful in France. In 1987, Swerg was created by software developers and shareware authors. In 1989 – 1990, Tim Berners-Lee had created the worldwide web as a was created in order to for scientists and universities to share information. (CERN). In 1994, the Secure Socket Layer encryption was put into place in order to make any transactions secure for people. By 2008, the Ecommerce market in the United States had grown seventeen percent from 2007, the total amount of revenue was two hundred and four billion dollars.

The electronic shopping design is winding up logically common. People nowadays can get all that they require on the web, for instance, pieces of clothing, books, staple products, et cetera. Electronic shopping is another sort of development float that people are getting subject to the grounds that it makes people's life less requesting and extras them time. Clients can visit web stores from the comfort of their own home and shop while they are sitting behind their PC. Various online clients don't have to lounge around inertly on shopping any more.

An information system is a system that can be manual or computerized. In information system, there has a computer-based information system which mean a single set of hardware, software, telecommunications, databases, people and procedures that are involve organizing activity to collect, manipulate, store and process a data into information. Electronic commerce or e-commerce is one of the types of computer-based information system. Electronic commerce involve all types of business activity and organizing of business activities such as selling, buying, distribution, marketing and servicing of the products or services in electronically via the computer networks. Besides that, electronic commerce also includes any business transaction

It is a new time in history of shopping. The days of having to leave the house and spend hours going to multiple stores are coming to an end. Over the last few years, People prefer to buy online rather than in stores. People can go online and buy anything and have them deliver to their house. People do not need to leave there house for anything anymore. Online shopping is changing the world at a fast rate. In America shopping malls are slowly dying due to the recent popularity of online shopping. Everything is just one click away so the need to get up and go to the mall and hope they have what you are looking for is over. The decrease of shopping mall customers in the United States is caused by online shopping and a changing consumer base.

Online shopping as a whole has impacted consumer behaviors and with Amazon being one of the biggest retailers it has had a significant impact on its consumers’ behavior. The days of having no option but to visit a physical location to conduct shopping are practically forgotten now. What started out as just an online bookstore in 1994 is now a contender for the number one retailer spot currently held by Walmart.

<br>The Internet?s popularity has dramatically escalated over the past few years and has become an integral part of daily life. It has wide spread uses ranging from, obtaining information, downloading files, business advertisement to Internet commerce, which plays a major part in Internet practice. Our social structure is pressuring society to connect to the Internet, with schools world wide becoming more Web based and universities now have lectures, which can be solely viewed over the Internet. Within the next few years the potential and capabilities of the Internet are endless. With that in mind the following assignment will examine a