The Effect Of E Commerce On The Global Market Essay

1875 Words8 Pages
In this paper we will show the effect that the e-commerce has had on the global market. Wild, J. & Wild, K. (2014) defines e-commerce as the use of computer networks to purchase, sell, exchange products; to service customers; and to collaborate with partners (p. 4). Technology has made what was once impossible, improbable, or too time consuming; now a common occurrence that almost anybody can be part of. Technological advances have helped to merge cultures together into a more inclusive community that can share that which is of their culture without the reality of international borders. E-commerce has opened doors that were once closed because physical access was not possible. Both large and small business have been able to take advantage of e-commerce. Large corporations can build products on main land Asia, create marketing strategies in Europe, collaborate with workers in South America, and then sell products in both North America and Australia using the advent of e-commerce. Small business can use on-line businesses like Amazon.com or ebay.com via the internet to sell products that may have greater demand in foreign markets, or they can purchase cheaper products overseas and then sell them locally to people within their communities. Individuals can use e-trading sites or virtual experts to buy and sell stocks on international stock exchanges at any time of the day. These actions of e-commerce have had an effect on the globalization effect of both the market and
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