Technology Makes the World Smaller
Technology Make the World Smaller
Office 2004 Test Drive User
Table of Contents
Commerce 4
Dell6
Ebay 7
E-cash8
Work Cited11
Footnotes12
Technology Makes the World Smaller
The international marketplace is changing very fast every day. E-commerce and E-Business is now one of the standard ways to do business. The Internet has opened up vast opportunities for business to tap into new markets all over the world. The use of the Internet removes all geographical constraints, permits the instant establishment of virtual branches throughout the world, and allows direct and immediate foreign market entry to the smallest of businesses to the biggest. As the economy is becoming more global in nature, companies are handling more business on an international level. When comparing traditional business to e-business, one can see several differences between the two. The most obvious difference when buying standard goods such as a computer or Clothes is the store. When dealing with e-business there is no "real" store or merchandise to look at. It is all presented through the merchant's webpage, or by other electronic means. You will not be able to touch, or feel potential purchases. All you will have to go on is perhaps a picture and a brief description of the item on your computer screen. This is obviously a big change from traditional store where you can walk in physically touch what you plan to purchase.
There are several reasons why e-business is appealing to a lot of people. E-business is based on the internet. If you are using the internet, you are not bound by geography. You can access any site, anywhere in the world from the comfort of your own chair. Now the consumer has access to several things they didn't before. Same goes for any type of business on the Web. The consumer and different business now has variety. With the entire internet at your fingers, in a matter of minutes you can browse several stores in several parts of the world without even leaving the
Office 2004 Test Drive User
Table of Contents
Commerce 4
Dell6
Ebay 7
E-cash8
Work Cited11
Footnotes12
Technology Makes the World Smaller
The international marketplace is changing very fast every day. E-commerce and E-Business is now one of the standard ways to do business. The Internet has opened up vast opportunities for business to tap into new markets all over the world. The use of the Internet removes all geographical constraints, permits the instant establishment of virtual branches throughout the world, and allows direct and immediate foreign market entry to the smallest of businesses to the biggest. As the economy is becoming more global in nature, companies are handling more business on an international level. When comparing traditional business to e-business, one can see several differences between the two. The most obvious difference when buying standard goods such as a computer or Clothes is the store. When dealing with e-business there is no "real" store or merchandise to look at. It is all presented through the merchant's webpage, or by other electronic means. You will not be able to touch, or feel potential purchases. All you will have to go on is perhaps a picture and a brief description of the item on your computer screen. This is obviously a big change from traditional store where you can walk in physically touch what you plan to purchase.
There are several reasons why e-business is appealing to a lot of people. E-business is based on the internet. If you are using the internet, you are not bound by geography. You can access any site, anywhere in the world from the comfort of your own chair. Now the consumer has access to several things they didn't before. Same goes for any type of business on the Web. The consumer and different business now has variety. With the entire internet at your fingers, in a matter of minutes you can browse several stores in several parts of the world without even leaving the
Cited: "Dell Inc.." Mergent Online. Mergent, 2005. Web. 15 Jun 2010. .