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E Business Assignment Solved

   

Added on  2020-11-12

9 Pages2613 Words188 Views
E Business Application

TABLE OF CONTENTSEXECUTIVE SUMMARY.............................................................................................................1INTRODUCTION:..........................................................................................................................1MAIN BODY ..................................................................................................................................1CONCLUSION:...............................................................................................................................5REFERENCES:...............................................................................................................................6

EXECUTIVE SUMMARYIn this report it is shown that how online business has affected the retail sector. Whatchanges it has created and how the overall retail sector has been transformed. Besides this, it isshows that how e commerce has changed the consumer behaviour and how expectations ofpeople are been met by online business. In next section it is shown that how bricks and mortarconcept is still now existing in market. Also, what has motivated people to stick on this concept.Along with this, the future of retail store and online business is discussed. What changes will bedone to attract people and how retail store can give competition to online business.INTRODUCTION:Technology and smartphones have transformed the way of doing business. It has made iteasy for consumers as well as business to operate in different markets at global level. It can beseen as the future in which there will no physical stores (Fleisher and Bensoussan, 2015) Also,the rise in E commerce industry has boosted the retailers to get involve in online business. Ecommerce has evolved at rapid rat. It has provided access to people to collect more informationabout a product. Due to this it has made it easier for them to choose the best one. Also, thebuying behaviour of customer has changed providing them a new experience. This assignmentwill discuss the concept of retail store and bricks and mortar model. Also, it will throw somelight on the future of retail market. MAIN BODY Concept of E commerce E commerce is a platform through which people and business are connected to eachother. It is an online way of doing business. Internet has provided a platform through whichproducts and services can be sold and purchased. The reach of internet made it easy for retainbusiness to grow and expand their operations worldwide (Troshani and Rao, 2015) This is thereason why retailers are focused on generating huge revenue from e commerce. How E commerce has affected consumer behaviourThis is to demonstrate the impact of e-commerce on consumers with a vital concern ofaffecting their purchase behaviour and buying patterns. These influences can be comprehended

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