Importance of Internet & E-Business (pdf)
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Added on 2020-01-16
Importance of Internet & E-Business (pdf)
Added on 2020-01-16
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Internet &E-Business1
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INTRODUCTIONIn the present era, technology is growing in very fastest speed because individual’s lifelargely depends upon the technology. In this manner, internet plays a very crucial role which is alarge system of connected computer at all over the universe that permit public to exchangeinformation with each other (Guffey and Loewy, 2012). With the help of internet, many businessorganisation expand their business at global level. In a general word it can be said that whencompany exchange its product and services with customer by use of electronic medium likeinternet, mobile, email is known as electronic business. Following report provided the depthknowledge and understanding about the internet and e business and its importance in the contextof Asos.com which is founded in 2000 in UK and delivers fashionable customer products byonline. Furthermore, the security and legislative issue like fireball, antivirus software has alsoaddressed in this report. Moreover, evaluation of the impact of well designed website has beenalso studied in this report.TASK 11.1 Description about e-business environment and types of business transactionsAs per the given business scenario, Asos is a well established online fashion destination forfashion lovers and its has launched in 2000 (Guffey and Loewy, 2012).It sells its ownfashionable consumer goods as well as other world famous brands at its own website that isAsos.com. The cited venture is very well settled organisation in the series of e-business, as itstrongly maintained its business in the environment. While it has started its business at onlinethen it have faced various elements of internet environment like www, intranet, extranet etc.The world wide web is that platform where documents and other web resources are determinedby URL. In other word it can be said that while company starts business on internet then it haveto submit its information at URLs and interlinked by hypertext links which is generally knownas web (Gurau, 2008). Corporation have share its data with intranet and extranet. Intranet is anetwork which uses internet technology and insulted by global internet.In a simple term electronic business start over a computer mediated network which includessupply of rights to utilise of commodity.Following are various kinds of business trisection-3
Business to business is a transaction in which one organisation sell goods and services toanother business enterprise.B2B transaction are multifaceted and often involve multipletransaction at every stage of supply chain.Business to customer is a business transaction in which company sell product andservices to customer and their value is determined in terms of money. Asos company isdealing with B2C model of e business because it sells products directly to consumeronline.Consumer to consumer is that transaction in which one customer sell product andservices to another customer. For example, if someone publish advertisement in thenewspaper for sale its car to any one is known as C2C business transaction. In thistransaction, wholesalers, retailers and other businesses not involve (Hackley, 2005).Consumer to business is a type of business trisection under which customer sale itsproduct and services to organisation. Reverse auctions are a general example of consumerto business model under which consumer drive transaction and offer their won price forcommodity.From the above analysis it has been concluded that Business to business is a transaction in whichone organisation sell goods and services to another business enterprise. B2B transaction aremultifaceted and often involve multiple transaction at every stage of supply chain. On the otherhand Consumer to consumer is that transaction in which one customer sell product and servicesto another customer.1.2Explaination about benefits and barriers to business while it consider online businessAsos Company have various benefits from the online business which are as follows-One major benefit is that cited firm can easily collect feedback from customers related toproduct and services. It is easy way to identify how product effectively meet customerexpectation and what kind of improvement needed in the product yet.With the help of online business, marketing cost is reduced because in this there is notrequirement of sales representative and also it reduces printing and distribution cost.Online business assist in saving the money and reduce the additional expenditure of theorganisation.Company can easily announce information about product and services at one time tolarge numbers of customers (Mitic and Kapoulas, 2012). Online business assists in4
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