E-Commerce: The Future of Trading

E-Commerce 1
E-Commerce
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E-Commerce 2
E-Commerce
Introduction
E-Commerce is the business of buying and selling of goods and services conducted over
the internet (Ezeigbo, 2018). The products are purchased by the consumer online through a
website and perform payments through money transfers over different platforms such as PayPal
(Grefen, 2015. There are various platforms of e-commerce such as Amazon and Alibaba Group
that are in the online shop and still experiencing immense growth year after year. The
development of e-commerce is attributed to the development of the internet technology over the
years thus enabling more people to access it in a straightforward way (Alibaba Group and its
impact on the world's e-commerce: Insights about Alibaba group's effect on the economy and its
potential, 2017). The growth of this form of trading is threatening the development and existence
of traditional forms of trade such as stalls and malls since people no longer entirely dependent on
them for goods purchase as it was in the olden days (Seetharaman, Niranjan, Saravanan, &
Balaji, 2017). Therefore, e-commerce is a force to reckon with when it comes to modern forms
of trading.
Research Question and Methodology
Will e-commerce be the new form of trading in the future judging by the trends
happening in business today? The growth of e-commerce of the past few years is a heads up to
companies selling goods and services to consumers. The reason why most retail businesses are
failing is the presence of the e-business platforms, and the owners need to work towards making
their companies internet based to avoid going under (Cassidy, 2016). The research is very critical
in helping one understand the dynamics behind e-business by looking at how it operates. While

E-Commerce 3
investigating this field, it is of importance to obtain the proper research method so that the results
obtained are accurate.
The research question is handled by investigating the trends in e-business. The market
trends get analyzed with the help of using both quantitative and qualitative analysis. The
quantitative analysis helps in analyzing the e-commerce business type with the help of analytical
data and models of statistics. This method makes it possible for the numerical data collected get
an investigation, and proper conclusions later drawn from it. In the case of e-commerce,
quantitative analysis will help in analyzing the growth and profits made by inline platforms
compared to the retail shops and markets (Scherbaum & Shockley, 2015). The research question
gets answered by using this analysis since it provides a clear and distinct comparison between
the two forms of selling and buying of goods. In qualitative research, the question gets answered
by obtaining information from people who interact with the two forms of trading and get their
feedbacks by the use of interviews or questionnaires (Neergaard & Leitch, 2015). E-commerce
gets understood by such research and the reason why more people prefer this form of trade as
compared to the traditional way.
Management Report
E-commerce is set to change the way trading takes place eventually, and it is essential for
companies to embrace the online mode of buying and selling of goods. For example,
organizations using the internet to do business transactions can expound their consumer targets
since they can even trade with other business in very respectable and secure terms (Ruychev,
2018). McDonald’s is a restaurant with many different franchises all over the world. In as much
as it has attained global recognition and growth, the business has not established its online

E-Commerce 4
platform very well. The franchise needs to develop a migration plan that will enable it to move
from the standard ordering services and increase the e-commerce aspect in its trade (Kremez,
Frazer, Weaven, & Quach, 2019). Therefore, it is of importance that the senior manager look into
the e-business trend and decide on the decision to fully develop a significant Internet-based
platform for ordering food in the fast food restaurant.
There are several capabilities of online trading associated with e-commerce. E-commerce
works with real-time pricing whereby consumers can access the products and their prices in the
actual and current time, which is updated accordingly (Lee, 2016). This capability enables a
customer to acquire and purchase goods or products at their current price regardless of recent or
predicted future price. E-business allows consumers to make orders faster than placing them on
in person. This potential ensures that consumers save on time since they know what they want,
and placing the order online is just a matter of seconds (Khliupko, 2016). Another capability that
is brought about by developing a migration plan is that future stock is availed to enable people to
book them before they even start being sold. This early booking allows a business to be able to
sell even the excess orders available and save on the losses that may be brought about by unsold
products.
Invoicing is a capability brought about by e-commerce since it enables the system to save
the orders getting sold in its logs and also checking on the available stock thus making it easy for
the business manager to keep track of the resources for sale handy at a particular time (Stein,
2018). In the case of McDonald’s, the senior manager can see the meals sold and the remainders
after every sale made. This detailed invoicing is a power that is brought about by the online
exchange of goods and services. The integration of the procurement is an essential ability of e-
commerce unlike in traditional retail services since in this case; a company can provide