[PDF] Introduction to Business Communications

Added on - 21 Apr 2021

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Running Header: Intro to BusinessIntro to BusinessAuthors Name:Authors ID:
Intro to BusinessContentsIntroduction......................................................................................................................................3Market Size......................................................................................................................................3Market Growth.................................................................................................................................3Changes in market...........................................................................................................................3Pricing strategy................................................................................................................................4Comparing pricing strategy to competitors.....................................................................................4Conclusion.......................................................................................................................................5References........................................................................................................................................6
Intro to BusinessIntroductionE-commerce payments systems are the services that facilitates acceptance of electronic paymentsfor online transactions. In general this payment mechanism is also referred as the electronic datainter-change (EDI). Online platforms are considered as one of the most contemporary form ofbusiness that is gaining significance on large scale.Developing and introducing a business firmin a new market region has been considered as one of the crucial task and the same is required tobe executed with a greater level of effectiveness and efficiency (Crane 4-12). The primeobjective of the below-presented report is to develop and establish a company in the regions ofUnited States. The report comprise of the market size, growth, changes in market and pricingstrategy adopted by the business firm. Money lenders are the business entity that is indulged inhelping the youngsters in making various types of monthly payments and also able them todevelop their credit score.The business entity operates business through online and offlineplatforms but major focus is on online operations. The prime objective of the business entity is toaid the individuals in making various payments and executing other money related transactionsassisting them through the official web-portal of the business firm.Market SizeAccording to a detailed research executed by e-marketer, a forecast has been presented that theAustralia’s total online sales will exceed $32 billion in 2017 (webalive.com). The Australia’s e-commerce sector is fueled by its strong economy and infrastructure.The Moneylenders areindulged in providing financial assistance to the youngsters and other age groups while makingmonthly payments through online means (Johnson 100-250). The business entity has an officialweb-based portal through which the service users can make the required transactions. And as thebusiness organization is having a strong online presence the business entity can enjoy a largemarket area. By making use of online platforms the entity can make its reach over large numberof customers in an easy manner.Online platform provides the enterprise a global level forexecution of trade and hence it has been observed that the market size of the organization islarge. On the basis of executed analysis, it has been evaluated that the potential market size ofthe firm is large as each and every individual makes various monetary transactions on regularbasis (Trevino 10-35). There are several modes of payments through which the money is
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