The Effect Of E Commerce On The Global Market Essay

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 andShow MoreRelatedE 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 MoreThe Effects Of E Commerce On Global Trade1524 Words   |  7 PagesThe effects of E-commerce in Global Trade Introduction E-commerce is a term describing a new and innovative more efficient way of doing business completely by use of the internet, to conduct trade dealings both on a national and global scale. E-commerce offers a different mode of performing trade throughout the world without the need for tangible contact between the buyer and seller. The new transaction mode of purchasing and supplying goods has become explosive in terms of efficiency, competitivenessRead MoreImpact Of E Commerce On International Trade Essay1045 Words   |  5 PagesE-COMMERCE ON INTERNATIONAL TRADE MUKESHV.M , (MCom,MBA Finanace,MPhil) Assistant Professor In Commerce And Management Studies, Mar Osthastheos College (Affiliated To University Of Calicut) Perumpilavu,Kunnamkulam,Thrissur-680519Ph:04885 282000Mob:9895617021Email:Mukeshmurli640@Gmail.Com Abstract The purpose of the present study is to investigate the impact of E-Commerce on international trade . electronic commerce offers economy wide benefits to all countries. 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Answers to the tasks will demonstrate: 1: An understanding ofRead MoreE Commerce Is The Backbone Of Modern Global Markets861 Words   |  4 PagesINTRODUCTION E Commerce has changed the economy of the world since the first ‘online shopping’ system called Videotex was created in 1979 by Michael Aldrich using a 26† domestic TV (Aldricharchive.com, 2015). It has even shaped society itself, changing people’s shopping habits and how the entire landscape of business operates. E-commerce is the backbone of modern global markets from business to business (B2B) companies such as IBM and Microsoft with a total brand value bordering on $200,000M (McGrealRead MoreE Commerce : A Small On Line Business1317 Words   |  6 Pages$265 billion (internetretailer.com). Today technology is business. E-commerce is big business. In the discussion I will state how e-commerce impacts consumers in many areas. First, I will define e-commerce. Then, I will discuss the advantages and disadvantage of e-commerce. Next, I will discuss hosting an e-commerce site for a small on-line business. This paper will focus on capabilities and costs for creating an e-commerce site. In addition to the capabilities and the costs the hosting sitesRead MoreEbay Inc. ( Ebay )1363 Words   |  6 Pages (EBAY) is a leading global commerce platform that enables individuals and businesses to buy and sell products online. Over the past 20 years, it has become one of the largest online marketplaces, with over 159 million active users around the world and more than 800 million items for sale. EBay’s vision is â€Å"one that is enabled by people, powered by technology, and open to everyone† (What We Do). EBay runs a more decentralized commerce system than Amazon and other e-commerce companies. Their purpose