Essay on E-commerce and the Global Market - 1844 Words

Electronic commerce (e-commerce) over the Internet is the fastest growing method for consumers to conduct business. Less than ten years old and it already has radically altered the potential to economic activities and the social environment. There are nearly 200 million Internet users worldwide currently. Of these 200 million users, roughly 40 percent reside in the United States (Styliano, A., Robbins, S. amp; Jackson, P., 2003). E-commerce currently affects large sectors such as communications, banking and the retail industry. E-commerce has also had an effect on the education, health and government (Wyckoff, A., amp; Colecchia A., 1999). It is predicted that commerce on the Internet could total tens of billions of dollars by the turn†¦show more content†¦exports alone (Jones, B., n.d.). E-commerce allows consumers to have more suppliers, sometimes including foreign suppliers. Consumers can now search online to find the lowest price. E-commerce has made the global marketpla ce larger which makes the marketplace become more competitive. The increase in competition is advantageous to consumers. The increased competition lowers prices for consumers and other businesses. Further, the increase in information and choice available can help increase the efficiency of the supply and demand equilibrium (Electronic Commerce, n.d.). The increase in competition also forces companies to become more efficient. As e-commerce grows, other countries are increasing their participation in the global digital economy. Companies now have to introduce new technologies or methods to reduce overhead costs and increase productivity which is also brings lower prices to consumers. The leading products in both the business-to-business and business-to-consumer markets are electronically delivered products such as software, travel services, entertainment, and finance (Windham, L. amp; Orton, K., 2000). Due to the nature of such products, business is increased globally. Business-to business markets are growing quickly because e-commerce has a significant impact on overhead cost reduction and business efficiency. Businesses that use the Internet to buy, sell, distribute and maintain products and services are realizing significantShow MoreRelatedE-Commerce and the Global Market1936 Words   |  8 PagesElectronic commerce (e-commerce) over the Internet is the fastest growing method for consumers to conduct business. Less than ten years old and it already has radically altered the potential to economic activities and the social environment. There are nearly 200 million Internet users worldwide currently. Of these 200 million users, roughly 40 percent reside in the United States (Styliano, A., Robbins, S. Jackson, P., 2003). E-commerce currently affects large sectors such as communications, bankingRead MoreRivalry Of The Global E Commerce Market1496 Words   |  6 Pagesplayers, is one player very dominant or all equal in strength or size. E-Bay is one of the dominant players in the global e-commerce market; but because of low entry barriers E-Bay is currently facing competition in its different market segments. Therefore, this market is full of competitors such as Amazon, Craigslist, Yahoo! Auctions, and other new players such as Alibaba, Jet.com, Groupon and Overstock.com. The battle between e-commerce players engage in price- based competition to persuade buyers, thereforeRead MoreRivalry Of The Global E Commerce Market1371 Words   |  6 PagesRivalry in the Industry: (Medium to High) E-Bay is one of the dominant players in the global e-commerce market; but because of low entry barriers E-Bay is currently facing competition in its different market segments. Therefore, this market is full of competitors such as Amazon, Craigslist, Yahoo! Auctions, and other new players such as Alibaba, Jet.com and Overstock.com. The battle between e-commerce players engage in price- based competition to persuade buyers, therefore these players limit theirRead MoreThe Effect Of E Commerce On The Global Market Essay1875 Words   |  8 PagesIn 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 me rge cultures together into a more inclusive communityRead 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 MoreGlobal E-Commerce: Market Entry Market Management2204 Words   |  9 PagesGlobal e-Commerce: Market Entry amp; Market Management Introduction The growth, integration, and sophistication of ICT are changing our society and economy. The emergence of the Internet as a general communication channel has opened the opportunity for e-Commerce to expand worldwide. E-Commerce is now viewed by researchers and practitioners as providing the future direction in which organizations must move. Diffusion of the Internet has led to significant shifts in the methodology of operatingRead 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 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 goo ds and services online viaRead MoreWhy Ebay Is The Best Model For The Integration Of All The Aspects Of E Commerce1393 Words   |  6 PagesEcommerce is the next raising thing in the economic growth market. Thus those who have managed to stake out their niche business in the ecommerce market are leaps and bounds above those who are now just starting to see the relevancy of this new market. As businesses and organizations all look for ways to pull their bottom lines up. They are all looking at the ecommerce market place and are taking notice of the ecommerce market leaders and seeing how they can emulate their success (eBay, Annual ReportRead 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. The gains are likely to be concentrated