Role of E-Commerce - Assignment
Added on 2020-12-29
8 Pages2284 Words209 Views
E-commerce has destroyedthe traditional way of doingtrade
Table of ContentsINTRODUCTION...........................................................................................................................1Body Paragraph 1.............................................................................................................................1Body Paragraph 2.............................................................................................................................2Body Paragraph 3.............................................................................................................................3CONCLUSION................................................................................................................................4REFRENCES...................................................................................................................................6
INTRODUCTIONBusiness environment is becoming more competitive now a days due to that each andevery organisation want to do business at international level. E- Commerce is the activity inwhich buying and selling of goods as well as services take place online over internet. In this, E-Commerce is playing its important role because physical presence is not possible for companiesin every country (Dion, 2013). But E-Commerce have its negative as well as positive bothimpact on the business. Mostly enterprises are using E-Commerce for business expansion andthis is destroying traditional way of doing business which giving negative impact on thephysical stores. Moreover, in busy modern era through internet people can purchase their dailyneeds goods and services by sitting at home. This have positive impact on Electronic Commercebusiness but negative on the physical stores or super markets (Toh, 2017). Below mention reportis going to explain impact of Internet commerce on traditional trading in negative as well aspositive both manner. Body Paragraph 1E-Commerce is the activity through which individual can purchase goods and services byusing internet services. It is suitable for those who need on limited products by utilising onlinebuying practices. There are several benefits of Internet commerce such as time saving becauseeveryone is busy in daily activity and no one can discovery several locations for purchasingsingle products (Drucker, 2012). Due to shortage of time people believe in buying requiredgoods and services online. Moreover, with the assistance of E-Commerce there is no need ofvisiting stores individual can purchase products by sitting at their home or anywhere. Mostimportant is that through internet Variety of services can be found on single platform there is noneed of discovering several places. Such as clothes, grocery items, electronic products and so on.Traditional trading is the buying and selling activity in which individual or group ofpeople have to visit physical stores. Internet Commerce have its negative impact on traditionalapproach because of its some benefits which is explained above. But most of the buyers believeor prefer traditional purchasing because in this they can see as well as feel products(SAIKIA,SINHA and PATGIRI,2017). There are several benefits of traditional trading to whole-sellers because in market area variety of customers are available for particular products andservices. Some of them are who buy 2-3 quantity whereas, few customers purchase products in1
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