Essay on The Conveniences of E-Commerce - 971 Words

The Conveniences of E-Commerce As a child, going shopping consisted of packing the family into our station wagon and driving an hour to a decent sized mall in another town. We would go from store to store, looking for deals in each store and the flyers at the door. I would play the store’s video game consoles while my sisters tried on countless amounts of clothing. After hours of this, we would grab food and drive the hour back home. We would often find better deals on recently purchased items in the next store. It was very time and effort consuming, and very inefficient. Although mega malls are still popping up around the nation, a new market place has risen from the depths of technology. E-commerce is a†¦show more content†¦An educated shopper gets the most for his/her dollar. In seconds a buyer can have pages of product specifications, the prices of every competitor, and customer feedback on the product and the store they purchased it from. Gathering similar data on products in a shopping mall could take days. Another benefit is that online stores will do nearly anything to keep customers coming back, because they know that competition is fierce, and an unhappy customer has countless alternatives. The largest and most well known examples of e-commerce are amazon.com and ebay.com. Both opened their web pages for business in 1995, and became models for every other online marketplace. Amazon began with only a website and a warehouse of new and used books. Third party transactions, (when users sell their books through Amazon,) have grown to almost 20% of their sales.[1] Today they are based out of 7 countries, with sales exceeding $1 billion each quarter. In the past year, their stocks have tripled, and they are finally turning a profit after a tumulus 8 years of losses.[2] Ebay began as an auction forum, allowing the average home pc user to browse items for sale that otherwise would have been garage sale fodder. It was the best thing that ever happened to collectors. Rare items and precious memorabilia became available to those who flashed the most cash. Individuals soon caught on to the business opportunity, and began selling products purchased at lowShow MoreRelatedDiscuss the Global Impact of E-Commerce on Society. Essay1207 Words   |  5 PagesP 2.2 Discuss the global impact of e-Commerce on society. Ans Positive effects of e-commerce on society * Convenience * Helpful for disables and aged people * Time saving * Information availability * Helpful for new business * Jobs for society * 24 hour service * Available niche products * Disintermediation * Environment friendly Negative effects of e-commerce on society * Unemployment * Increase in crime * HealthRead MoreThe Objectives Of Learning Mobile Electronic Commerce1450 Words   |  6 Pages The objectives of learning Mobile Electronic Commerce are: †¢ To view new and existing Opportunities in MEC. †¢ To understand the nature oforganizations as open systems and reasons for implementing and utilizing e-Commerce. †¢ Modifications that needs to take place in the organizations to effectively implement MEC. †¢ Role of Performance Management in improvingorganization’s performance in e-commerce. †¢ Importance of Customer Orientation in MEC. †¢ Operational and Strategic Outcomesof MEC in order toRead MoreThe Advantages of Mobile Commerce Essay1326 Words   |  6 PagesWhat is M-commerce? The last decade has witnessed a lot of growth of mobile communication devices and wireless technologies across the globe. This has led to a change in the way many activities are conducted and opened the way for m-commerce, which is e-commerces next evolutionary stage. The significant power of m-commerce is primarily as a result of the ability to connect wireless devices anytime, anywhere (The Future of Mobile Payment Systems : Rise of the Mobile Wallet 2012-2017 [ElectronicRead MoreCase Study : A Customer Centric Company Essay1700 Words   |  7 PagesA Customer-Centric Company Amazon.com Incorporated is company whose retail business is done exclusively online, formally known as electronic commerce or e-commerce. It was the book category that first caught the attention of founder Jeff Bezos, who realized that a Web store could offer more book inventory than an actual shop could offer (Cuneo, 2000). The idea was born and Amazon, a customer-centric company was created. Customer-centric is an approach that allows businesses to drive profitsRead MoreEvolution Of Credit Card Fraud Within The Growing E Commerce Industry1716 Words   |  7 Pagesexamine the evolution of credit card fraud within the growing e-commerce industry. Online Shopping: Risk of Paying More than You Receive I examine the evolution of credit card fraud in regards of the technology or methodology fraudsters used specifically within the e-commerce industry, and discuss various security concerns companies have for establishing online shopping sites. The appearance of credit cards and the growing e-commerce industry in the past decade has provided fraudsters more waysRead MoreEcommerce Business1120 Words   |  5 PagesIntroduction Developing an e-commerce business is a difficult process, that will test the determination and commitment of any person that has created a business in the past. I this paper will examine four different scenarios that one might be confronted with in owning an e-commerce business. The scenarios are as follow: * Imagine that someone has offered you $1,000 to buy your online domain name shortly after you started your businessRead MoreEssay Electronic Commerce (E-Commerce) and the Global Economy1178 Words   |  5 PagesElectronic Commerce (E-Commerce) and the Global Economy Introduction The world we live in today, revolves around technology, new innovations and constant change. The global economy incorporates these changes into its daily applications forming a technological driven world where businesses thrive on information and competitive markets. Computers and communication networks have planted a seed in this information age where enterprises flourish forming revolutionized market economies. OneRead MorePestle Analysis for Singapore Supermarket1011 Words   |  5 PagesImpact on Business | Political | * To facilitate the take-off of e-commerce in Singapore, the Government has been putting in place a supportive legal and policy framework. For example, the Electronic Transaction Act, passed in Jul 98, provides a favourable legal environment for safe and secure e-transactions. * The government provides direct subsidies and fiscal incentives to support companies embarking on e-commerce initiatives. One example of a direct subsidy program introduced is the eBusinessRead MoreE Commerce Vs. Electronic Commerce1527 Words   |  7 PagesThere are plenty of ways to define the definition of E-commerce. For example, according to the Oxford Dictionary, E-commerce or electronic commerce is the commercial transaction that conducted electronically on the Internet. Some people define E-commerce as the processes of buying, selling, or exchanging products, services, and information by using the computer network technology such as the Internet. E-commerce does not only provide the function of buying and selling goods and services online viaRead MoreEffects of User’s Perceived Security on their Usage of Online Banking and e-Payment Facilities912 Words   |  4 Pagesonline banking, the traditional landscape of banking has been transformed to new lengths. Day to day banking and similar financial transactions through the digital medium have positively affected the live of many due to the derived benefits such convenience to complete financial transactions at their leisure. Banking institutes are often associated with having high levels of trust in relation security and privacy factors with regard to its physical environment. However this perceived notion has