E Commerce A Global Commercial Environment - 940 Words

The evolution of e-commerce has led to organizations shifting a majority of their businesses to online environments.Dot com craze has triggered a global commercial environment and is being exploited by many organizations who are involved in e-commerce. One particular start up organization is Thread.com has engaged many investors and advisors and is constructing their own styling service by recruiting human stylists and intelligent algorithms. However online marketing have their pros and cons. A study by Merrill Lynch states that ‘‘to survive in the evolving economy, small businesses must attain market share online.’’ Firstly, e-commerce websites are not limited by the geographical area that they can service, therefore the whole world is at their playground which is a massive positive in terms of increasing their market. Another intelligible positives of e-commerce is the reduction in costs. E-commerce bring about lower costs in advertising and marketing, billing, payments and other operational processes. Moreover, it isn’t necessary to invest in real estates since an e-commerce merchant demands no key physical location. Secondly, an e-commerce retail trader has the ability to access information about their customer’s buying habits by making use of the information they provide in the registration form. They can also gain access to information by placing cookies on the customer’s computer. They can then use this to communicate relevant information. For e.g, if people want aShow MoreRelatedPestle 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 MoreInternational Barriers to E-commerce Essay734 Words   |  3 Pagesï » ¿ International Barriers to E-commerce Aravind Alluri Abstract In the recent years, the internet has been known for an impressive evolution, having a major impact on all aspects of life esp., e-commerce (EC). This paper mainly explains the EC and also identifies the various international barriers to e-commerce and they can be evaluated for EC success. Introduction E-commerce is a combination of three different areas of study, namely technology, business and law/policy. ECRead MoreImpacts Of Technology E Commerce1471 Words   |  6 PagesBusiness – E-Commerce Since the introduction of the Internet in the 1950’s, development of technology began for use by the military until it was soon introduced to the public for commercial and private use. Throughout the decades ever since, technology was then on the road to sudden rapid expansion, with a big boom in new hardware, software and internet capabilities such as faster computer speeds, faster internet connections and efficient software. Convenient services appeared such as E-Commerce (or ElectronicRead MoreVirgin Atlantic : A Global Company859 Words   |  4 PagesVirgin Atlantic was a global company from start-up. Even though it is based in England, the inaugural flight was from London to Newark, New Jersey. From that point on, Virgin Atlantic was destined to be a global company. Operating primarily out of Gatwick and Heathrow airports in London, as well as Manchester Airport in Manchester, Virgin Atlantic has always had to compete with British Airways (Branson, 2014). Branson expressed interest in offering flights to South Africa. The transportationRead MoreRelated Literarureand Studies of Online Selling Website1450 Words   |  6 Pagesis gained in much the same way as it is in the physical world, by knowing buyers needs and meeting them. Success can depend to a great degree on whether or not you are offering collectible properties able to meet at least one of these three key commercial elements: Not easil y obtainable locally.   Wide appeal due to a current surge in popularity or because an item is able to cross over collecting boundaries.   Competitive pricing. According to stay mode website Online marketing a Big Help to SmallRead 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 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 MoreE Commerce And The Internet Essay1226 Words   |  5 Pagesdifferent people in different countries throughout the world even though they aren’t physically present in the countries that the sales are made. E-commerce is to use the internet to do business in a better and faster way. E-commerce is defined by an online dictionary as the following: â€Å"Commercial transactions conducted electronically on the internet†. E-commerce is the term to describe the operations, technology and processing that occur when financial or business transactions are conducted electronicallyRead MoreBusiness Study : Ecommerce Industry Outlook1067 Words   |  5 Pagesbusinesses are changing. Traditional style of business processes have been replaced by the unconventional ones (Writer, 2016). It’s the era of new age entrepreneurs they are making the way bend for them because of their first mover advantages in the commerce space. A study on one of the most promising and upcoming industry of the twenty first century which has become so big in the underway that it is not ignorable. To evaluate the evolution this industry has witnessed with each passing day with respectRead MoreEssay about The E Commerce Environment of Singapore1496 Words   |  6 PagesThe ECommerce Environment of Singapore Geography The Republic of Singapore is located in southeast Asia, south of Malaysia and northwest of Indonesia. The island measures a total of 637 square kilometers with a coastline 193 kilometers long. Singapore is generally comprised of lowland areas with a central plateau in the middle of the island. Its elevation ranges from the Bukit Timah, (166 m.), to the Singapore Strait which is at sea level. Its climate is tropical and wet. Precipitation