Online Shopping is a Great Way to Purchase Goods and Services

1261 Words3 Pages
bulb-icon

Recommended: How the internet influenced online shopping

In our technologically savvy world, it can be said that the internet conquers the social and economic status of every country and its individuals. In this exciting point of time, online shopping is not an uncommon term used. Online shopping is described as the process of purchasing products and services from merchants worldwide over the internet (WiseGEEK, n.d.). Online shopping is also sometimes referred to as e-commerce in the business world. Online shopping is so revolutionary, that it has single-handedly changed the entire norms of a society. Where once, we used to go to town or a shopping centre to get what we need, now the convenience of getting something is a few clicks away. We are even able to order food online and get it delivered to the doorstep without even needing to step out of the comforts of home (Nickson, C., 2013).

Online shopping has become a huge force in the industry for the past decade. Online shopping was pioneered by Amazon.com around the year 1999-2000. Amazon.com, founded by Jeff Bezos was the first online bookstore. Following the success of Amazon.com, many other websites started offering online platforms to purchase other goods alongside books (TNN, 2006). The number of people who shop online has been steadily increasing year by year, mostly due to the convenience of shopping from home. According to Nickson, C. (2013) it was estimated that the European e-commerce market was worth 200 billion pounds as of 2011. In 2013, online sales increased by 1.4% in December compared to November and 14% from 2012 (Associated Press, 2014). The rise in online shopping is clearly justified as one can purchase more than just goods online. They can also purchase services like broking and job searching. People can also ...

... middle of paper ...

...ociety. Retrieved from http://www.atechnologysociety.co.uk/has-online-shopping-made-life-easier.html.

Obringer, L. A. (n.d.) How Identity Theft Works? Howstffworks. Retrieved from http://money.howstuffworks.com/identity-theft4.htm

Rouse, M. (2006) Defination of Wallet. Whatis.com. Retrieved from http://whatis.techtarget.com/definition/wallet

TNN. (2006) What is online shopping? The Economic Times. Retrieved from http://articles.economictimes.indiatimes.com/2006-12-25/news/27439230_1_online-shopping-online-presence-online-purchase

WiseGEEK (n.d) What is online shopping? WiseGEEK. Retrieved from http://www.wisegeek.org/what-is-online-shopping.htm.

Zappalà, Salvatore Gray, Colin (2006)Impact of E-commerce on consumers. Impact of e-Commerce on Consumers and Small Firms (pp 194-260). Retrieved from http://site.ebrary.com/lib/sunway/docDetail.action?docID=10211163

Show More
Related

  • Analysis of Amazon.com

    2511 Words  | 6 Pages

    Amazon.com operates in the Online Retail Industry. The sector is one of the fastest growing globally and is outperforming the ordinary retail marketplace. It was created after 1995 and it was only the Internet that made it possible for such an industry not only to be established but to become one of the most flourishing sectors in the business environment. What is interesting is that Amazon.com, together with eBay is the pioneer in the field. Both companies were launched in 1995 and are still extremely successful. The creation of e-mail in 1996 had a huge impact on the development of online retail by introducing a fast and easy way to communicate with customers. For this two-year period Internet usage doubled annually, thus, allowing for the expansion of the industry. Google is launched a year later, in 1998, only to become the most used search engine in the world and an essential partner for the online retailers by helping them tailor their websites to customer’s personal preferences and by advertising. After that, more and more people see the opportunity in the growing industry and enter it. By 2001 there are more than 513 million Internet users globally, which calls for action in terms of creating regulations and laws to protect the users and personal property. In 2003, Apple launches iTunes, and provides a platform for low-cost digital downloads. Another major change is the appearance of social media from 2004, which is one of the biggest influencer on the state of the industry. With the launch of iPhone in 2007, this trend strengthens as people get to enjoy the Internet anywhere they want to. From then on, technological advancements have made it extremely easy and fun to shop online, making it ...

    Read More

  • Netflix Case Study

    1320 Words  | 3 Pages

    Laudon, Kenneth C. Traver, Carol. E-commerce: Business. Technology. Society 3th ed. Pearson Prentice Hall. Upper Saddle NJ, 2007.

    Read More

  • Your Choice Furniture

    2090 Words  | 5 Pages

    Mustaffa, S and Beaumont, N 2002, “The effect of electronic commerce on small Australian enterprises”, Technovation, Vol. 24, no. 2, pp. 85-95. (online ScienceDirect)

    Read More

  • Electronic Business Systems and Electronic Medical Records Looking to the Future

    1609 Words  | 4 Pages

    E-business is changing the way American consumers do their shopping. With high fuel costs and degrading road surfaces, it makes sense to shop from home via the Internet. This change in shopping behavior changes the way we interact with others. There is less physical contact with merchants and sales personnel; everything is ...

    Read More

  • Sears Essay

    331 Words  | 1 Pages

    Amazon captured more than half of online sales growth in 2016. “Some analysts view e-commerce as a maturing and well-penetrated market, pointing to Amazon’s high-profile forays into web services and video streaming and eBay’s growth rate, which has stabilized in the 15-20% range” (Hao, 2013).

    Read More

  • Essay On E-Commerce

    591 Words  | 2 Pages

    E-commerce is a type of business where individuals, firms and companies engage in business activities over an electronic network mainly internet. It is notable that e-commerce operates in business to consumer, business to business, consumer to business and business to business market segments . The emergence of e-commerce can be attributed to the advent of new technologies, mail order purchasing through a catalog is possible. Currently almost all products and services are offered through e-commerce including financial services. E-commerce has emanated from a number of technologies such as electronic funds transfer, mobile commerce, online transaction processing, internet marketing, supply chain management, automated data collection system, inventory management system and electronic data interchange. With the dynamism and advancement of these technologies, in the current corporate world e-commerce uses World Wide Web as well as other technologies such as mobile devices, telephones, social media and email .

    Read More

  • Omnichannel Retailing Case Study

    3246 Words  | 7 Pages

    Internationally the share of online sales in retail is growing, driven by the increased sales in existing online retailers as well as by the market entry and expansion by traditional bricks-and-mortar retailers into eCommerce (Hübner, Holzapfel & Kuhn 2016:256). Conversely, online retailers are accelerating their expansion into bricks-and-mortar retailing. One such example is the merger between Amazon and Whole Foods Markets, a $13.7bn agreement under which Amazon will acquire Whole Foods Markets in an all cash transaction. This deal accelerates Amazon’s establishment of a bricks-and-mortar footprint, allowing it to reduce delivery lead times and last mile delivery costs (Retailanalysis 2017).

    Read More

  • Study of Clothing Online Shopping

    3669 Words  | 8 Pages

    The high take-up of the Internet leads to variety of opportunities in front of companies. People are more online than ever. They spend many hours each day on Social Networks such as Facebook and Google+. It is no wonder that buying and selling can now be done in a more convenient way. Although traditional shopping is still thriving, online shopping can be an alternative for people wanting to save time and money. If a certain customer plan to go shopping, it could be stressful and also be time consuming. E-business has made shopping or any kind of transactions online much easier and convenient. It introduces new facilities, opportunities and way of shopping for both vendors and customers.

    Read More

  • Critical Appraisal Of Amazon.Com Current E-Business Strategy And Activities

    1477 Words  | 3 Pages

    In today's competing world, many organizations are rethinking their strategies in terms of the online business and its capabilities and culture. Organizations are taking advantage of the widespread web to buy and sell goods from other companies and recently from individual customers. Exploiting these opportunities of convenience, availability and widespread reach of the web or Internet, many companies such as Amazon have benefited from the use of web successfully.

    Read More

  • The Advantages and Risks of Online Shopping

    1027 Words  | 3 Pages

    The Information revolution is changing our daily lives. With the rapid development of computers and the internet, online commerce has become quite common and plays an important role in the modern world. Online business has been booming in recent years. US online retail sales rose an average of 11% in the first three months of 2009 (“US Online Sales Up,” 2009). The growth of online sales may be due to the growing number of consumers who shop online.

    Read More

  • E-Commerce Shift Towards Personalization, Dynamic Pricing, and M-Commerce

    1640 Words  | 4 Pages

    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.

    Read More

  • The Impact Of E-Commerce On Small Businesses

    1767 Words  | 4 Pages

    This research is looking at the small businesses, and its importance in the market and economy, EC and its benefits and limitation, and what impact has electronic commerce had on the businesses.

    Read More

  • Internal Challenges In The Amazon By Jeffery Bezos

    834 Words  | 2 Pages

    The Amazon was founded in 1994 by Jeffery Bezos with a sole aim of exploiting the internet to reach more and more customers given the fact that internet was increasing at a rapid phase. However, the company was at first focused on online bookstore but as it grew it invested in other goods such as electrical appliances. Currently, the company is placed in top 100 lists of fortune companies despite the ever growing competition in the online retailing business in the world today. However, the company has never fallen short of ideas, concepts, and strategies aimed at monitoring and developing plans that can put Amazon at the leading place in the global Internet retailing industry. This assignment will attempt to cover in details how Amazon can

    Read More

  • Essay On Information Technology In Business

    1537 Words  | 4 Pages

    Li, F 2007, What is E-business ?: how the Internet transforms organizations, Blackwell Publishing, Oxford.

    Read More

  • Online Shopping Essay

    1612 Words  | 4 Pages

    In today’s era “INTERNET” is playing a significant role in our daily life. People can walk through the internet to one who is actually living on the different side of the planet, can send mails round the clock, search information & even buy things online. With this invention of internet there is a shift in traditional way of shopping. Now there is no need to open a physical store. One can be active at any time and place and purchase products and services. The number of users of internet is increasing day by day which means that online shopping is increasing. Various characteristics of online shopping is making it more convenient for the customers, as compared to traditional way of shopping such as the ability to view and purchase goods and

    Read More

More about Online Shopping is a Great Way to Purchase Goods and Services

Open Document