E Commerce And Its Impact On Todays Economy - 1054 Words

â€Å"In e-Commerce, your prices have to be better because the consumer has to take a leap of faith in your product.† These were the words uttered by actor, producer, and investor, Ashton Kutcher. It is clear that what Ashton is saying is 100% factual, as it is essential to give customers the best shopping experience by providing with a well-rounded and most efficient website. However, in my paper I will be defining e-Commerce, discussing the types of e-commerce, an evolution of e-commerce and the impact it has on today’s economy. E-Commerce, otherwise known as electronic commerce, is one of the utmost vital features of the Internet to have ever been established. It is the electronic exchange of goods and service between a business to business or business to a consumer without barriers or distance. People have the freedom to go online and buy almost anything they want, at any given time of the day of night. With modern-day and continuously refining telecommunications substructures, we have been provided with the ability to trade data almost promptly. E-Commerce is all about utilizing these data flows in the most effectual way feasible. Whether you are a garment manufacturing company purchasing machinery from all over the world and manufacturing them in numerous locations or just a car rental company with stores in various city statewide, you have to ensure that your employees are receiving the most accurate information possible to share with their designated clients or partners.Show MoreRelatedMarketing Challe nges1099 Words   |  5 PagesChallenges in a New Economy There is a new trend in today’s economy that does not involve large chain suppliers, retailers or wholesalers. This new trend involves companies that allow owners to rent out their physical assets to increase their income. This new business practice puts the producer directly in contact with the consumer to conduct business. 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In order to achieve great results, companies in today’s economy areRead MoreImpact Of Internet On Modern Business1699 Words   |  7 PagesAppendices.†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..†¦..†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..8 â€Æ' Deri Kusniawati Dr. Mario Beruvides IE 4320 4 Dec. 2015 Internet Impacts on Modern Business Introduction Internet is a powerful and an influential tool in today’s world. Nowadays, people can easily access internet from anywhere and anytime. It has an enormous influence for various aspects of life, such as business, education, economy and communication. The business activities and the sharing of information was so much different before internet came