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Global effects of e-commerce on society
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Drawbacks The drawbacks are that there is a big risk of cyber crime. Cyber crime refers to crime that’s involves computing and the internet. Hackers could divert financial assets, this is when someone intercepts a money transaction and diverts the funds into another account. This is a risk when buying online. Another drawback is customers don’t fully know what they are getting. Its hard for a customer to judge size for example because one sites size may be different to the one that you are used to. In a physical store you can try the item on to ensure that it fully fits you but when buying online you cannot. Relying on delivery times can be an issue when buying online. When you order a product you may have to pay for delivery and may have to wait several days for it to arrive in the mail when compared to a physical shop you don’t have to pay for delivery and wait for arrival. Impact on employment Traditional high street stores may close as a result of becoming an e-commerce only business which means people then people unemployed. E-commerce business also tend to favour those with IT skills leaving those unemployed with a harder time finding work. The benefit however is that those who work in IT have higher chances of employment and those who work in warehouses, order and payment processing with also have better time finding work as e-commerce mainly need these to operate the e-commerce business. Social divide Those who are elderly, sick or poor may not have the skills to use e-commerce or the money putting at a divide with those who can. E-commerce could cause a soci... ... middle of paper ... ... E-commerce sites also provide 24/7 service. This means buying online is effortless as it is accessible at anytime. This is also easier for the customer as they may find it much more easier to browse/buy online than in a physical store. Economic & social impact due to speed of changes The economic impact due to the speed of changes is that e-commerce sites have had to adapt. In order to appeal to more customers they have had to invest heavily in buy new technology. This may be buying servers and computer software. Organisations have also had to employ more people with relative IT skills such as web designing to construct there website which may come at a premium. The economic benefits are that prices online can easily change with customers benefiting from the competition between competing e-commerce sites.
... back on staffing needs and burdensome tasks, and it would surely increase customer satisfaction. The benefits can be two fold, because online operations would also tie into doing away with even more unnecessary paperwork.
Electronic commerce (ecommerce) refers to a type of business, or commercial transaction, that engages the transfer of information through the Internet (Boltzan, P. 2008). In other words, it is the buying and selling of goods and services including the transferring of data and funds over an electronic network, predominantly the Internet. The leading benefits of ecommerce include twenty-four seven access, and availability, international scope, larger range of goods and services and the speed of accessibility. Ecommerce utilises a variety of functionalities such as email, Web Services, Fax, Shopping Carts and Online catalogues. After a somewhat slow start ecommerce has developed into the largest retail growth area in the world (Kearney, A.T.
...f the disadvantages of ecommerce. Its benefits outweigh the risk hands downs because for customers it saves you time from taking a trip to a store when the item you want may not be there. With companies it’s a major advantage because it gives growth to a business because it gives companies more options. Customers no longer have to come to a store and order now they can just pull up their favorite place of business website and just order directly from online. So this gives company ability time to get process orders without having to rush orders. I actually order a lot of things online myself so this is really reliable source for me with everything been sold online you can even get car insurance or even buy a car online these days. So next time you online getting ready to order something just think with 1 click of a button you can order anything because of ecommerce.
There are no screaming kids or indecisive shoppers holding up the lines. More so, people do not have to drive anywhere and deal with the headache of traffic or worry about wasting gas. Not only does this benefit people, but it also benefits the environment as well, by reducing the air pollution that vehicles emit into the atmosphere. In addition to saving time, avoiding seasonal rushes, and not having to drive, the bigger the selection of products online versus the ones in the store is another advantage of online shopping. There are usually better sales and discounts on the web than there are in stores.
The world has changed the way it conducts business, offering businesses an extended way to increase capital. E-commerce has incorporated all the activities that a business performs when buying and selling products, and services over the Internet. With the increasing usage of the Internet, technology and e-commerce, these items continue to provide opportunities for businesses to stay in the global market. There are many technologies that provide support for e-commerce related activities, so it is important to understand the unique features of e-commerce technology, the three benefits of universal standards, and the major players in an industry value chain, and how they are impacted by e-commerce technology. The eight unique features were
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 an item. All you have to do is type in the item you’re looking for and it’s there. Once you find the item, you can order it at anytime because online stores never close.
...shop at home and any time without going anywhere and just sit in front of the laptop, computer or any other devices that may connect to the internet to do purchasing. Consumers usually want to save their time and money to search products and services by using internet. It is easy for them to survey the items that they want and making purchase by online easily. It can take several days physically o go form a location to different location and it cost customer’s time and fuel to find the items that hard to find. Apart from that, e-retailing also is an efficient way for retailing business to do business transaction. The cost to start the business is less than doing business with brick and mortar. Plus, fewer license and permits required doing this type of business. Fewer employees needed to run this e-retailing business and it can avoid from paying high utility costs.
Cost effectiveness –marketing online is cheaper and time saving as compared to physical retail outlet; this attracts clients to your website since they do not have to move from one retail shop to another in search of a certain product. This movement is reduced through
Over the last few years the rapid expansion of the internet has lead to many technological, business and social shift. Examples of such shifts are the increased demand for greater internet bandwidth, the movement from physical shops to online shops and the social acceptance and trust in using the internet for financial transactions. As the internet and E-Commerce become more integrated into our lives they continuingly drive changes in how we work and live as mentioned above. The future of E-Commerce promises to bring further changes in our lives as the internet continues to expand and it is these possible future shifts which I will discuss in further detail.
The history of e-business starts with e-commerce, which is interrelated. With changing technology, comes a new definition of existing words. For example e-commerce was originally defined as the facilitation of commercial transactions electronically through electronic data interchange, which would send electronic commercial documents like invoices or purchase orders electronically (Wikipedia). The new definition of e-commerce is the purchase of goods and services over the World Wide Web through secure servers with e-shopping carts and electronic pay services, such as credit card payment authorization services (Wikipedia). In the early 1990's, when the web was becoming more recognized by the public, many journalist and economists predicted e-commerce to become an economic sector. Once security protocols were in place, a significant number of businesses started developing basic web sites. The majority of the businesses were based in the United States, and Western Europe, but a large number of them disappeared during the dot-com collapse between 2000 and 2001 (Wikipedia).
This is especially useful for people busy with kinds, others that are home-bound, or when severe weather causes a problem. Especially if you want to get the item within a certain amount of time and want the absolute most convenient way to go about obtaining it. When you visit a retail store, you most likely have to settle for the price the store has placed on a particular item. But with online shopping you have the ability to compare prices from hundreds of different online retailers. Also, a lot of online stores want to keep you as a customer, and offer all kinds of great discounts if you sign up for their newsletter; this is a good way to keep you notified of upcoming events going on with their store. Another advantage online retail has over a retail store is limited choices, regular retail store variety of goods are limited. While, with an online store - the choices are much more abundant. Also, if you don 't see what you want in one store online, you can move on to the next
Online shopping allows you to compare prices with other stores and endless sizes and colors are available to you that normally wouldn’t be in stores. The convenience of being able to check multiple stores prices without having to waste gas to drive to multiple stores to find the best price is just one of the many ways shopping online can save you money. We all know children grow at an exponential rate so having to go to the mall multiple times a month is frustrating and tiring. Being able to have someone deliver whatever you desire right to your doorstep is like receiving a gift. Another pro of online shopping is having access to customer reviews. Yes, you may be able to physically hold the item if you were buying it from a store, but by reading the customer reviews you can decide if the product is worth the price. You can even write your own review to inform other people of your opinion of the product. If you don’t like the product, most places allow you to ship it back hassle-free with a full refund or
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
This is helpful due to the fact that not everything can be located in one place, but can be accessed just as easily. Online shopping can also be done at the leisure of a shopper and at any convenience as long as the website is up and running. While shopping online many websites like Future Shop, Best Buy and Home Depot have sections on the website that allow for ratings and reviews of products. This helps online shoppers as it shows their experience with the product and future influence the shopper to buy or to focus on a different product. Online consumers also have the option of receiving new information on products through emails sent by various websites to past visitors or people who have registered with them. An example of this would be Apple and Microsoft. Both forms of shopping boil down to the basic principle of giving money in exchange for a good or service, but the way that they do it is vastly different. Although both forms of shopping ensure
As a result with online shopping, it could be more strenuous to find what you're looking for and be guaranteed that you will actually like it, due to limited variety in some items. It's also going to be more tough shopping online for certain items such as clothes, due to the fact that you are unable to try them on. Not every piece of clothing is going to fit the same. Of course you will be able to return the item, if upon arrival you are not satisfied or it doesn't fit you properly, but who wants to tackle that mess? Furthermore, who wants the disappointment that comes along with online shopping if you order something and it doesn't work out. You really liked it but unfortunately you have to send it back ...