The Internet Effect: How Has It Affected You?

1645 WordsOct 8, 19997 Pages
Commonly known as the Internet, the world's largest network is used extensively throughout the world today. Since its creation in 1983, the Internet has continued to grow in popularity and use as a commercial and private communications medium. Millions of people throughout the world use the Internet in a variety of ways, ranging from personal conversations to on-line shopping. According to a survey compiled by Nua Ltd in 1999, the number of Internet users rose from 26 million in 1995 to 205 million in 1999, an increase of almost 700% (Nua Ltd)! With such an explosive increase, how then has the Internet affected us personally, and how has it affected the way we do business? The answers to these questions include changes in the way people…show more content…
The Internet is thus a virtual market place where people can, at the click of a button, select products, place orders, and pay using a secure electronic transaction. All of this ability has made conducting personal business convenient and easy, and enables everyone to complete many tasks that previously would take weeks. <br><br>With the increasing popularity of people shopping and purchasing goods online, the Internet has created "new ways of doing business" (Maney 4). Realizing the potential of the Internet, many companies have started to advertise their products and services on-line. By marketing their products and services on-line, companies are able to constantly update the site's product catalog and inform buyers of any changes. Companies, especially new ones, can now allow themselves to be made known to the consumers through advertising over the Internet. Furthermore, there is lesser overhead cost involved, as sales persons and order takers are no longer required. In addition, the Internet has also enabled low budget organizations to reach interested parties across the country or the world. All of these lower costs have resulted in lower costs for the consumer. Many on-line shoppers can find good deals and low prices for desired goods, leading to even more and more on-line business.<br><br>However, these reduced costs and benefits for the consumer have had adverse effects on some businesses that have been
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