E-commerce Impact on Businesses During COVID-19 Pandemic

Digital Business & New
Technologies

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Importance of E-commerce.........................................................................................................1
How topic is developed...............................................................................................................2
Detail description of technology and what it is used for ............................................................2
Technological Platform and software ........................................................................................3
What type of business and organisation uses the technology.....................................................3
How it is used as business tool and its effectiveness .................................................................4
Relationship of digital technology with E-commerce ................................................................4
References:.......................................................................................................................................4

INTRODUCTION
The digital business take usage of technology for creating new values in corporate
models, customer experiences and internal capabilities which supports main operations. It
involves both digital brand and traditional players which are converting their business with
digital technologies. In present times, peoples spends more online which emphasises business to
shift on digital sources for revenue and digital channels. The growth in digital economy makes
people familiar regarding digital products and services that drive companies to pursue new
competitive benefits in digital space. The digital technology is an electronic tool, system, devices
and resources by which data and information can be processed, stored and generated (Adhikary,
and et.al., 2021). It involves social media, mobile phones, etc. The report is based on E-
commerce which is defined as online activity that involves buying and selling of products and
services. This helps business in conducting business transactions online. The report will cover
importance of E-commerce, how it is developed, comprising detail description of technology and
platforms and states how it is effective. Further it discusses, how it is related to content and
relationship between digital technologies. Moreover it covers old and newly emerging theories of
business & management structures and practices.
MAIN BODY
Importance of E-commerce
This term mainly referred as internet commerce where the buying and selling activity of
goods and services is performed and money is transferred. I t draws on technologies such as
mobile commerce, electronic fund transfer, supply chain management, online transaction
processing and many more. For the business strategy it is becoming vital component in emerging
global economy (Bukhtoyarova, 2022). The continuous expansion of e-commerce is leading
downward pressures on inflation by increasing competition, cost savings and changes in sellers
pricing behaviour. Following are the importance of E-commerce-
 Reduction in cost- Through E-commerce the different companies operates online which
shows all of its products which helps in saving cost in terms of internet , electricity,
purchasing etc.
 Global business- For the business e-commerce is important as they can sale the product
anywhere in world and do not requires to travel and individual see what to offer. The
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