Question

Final Paper Outline

Some aspect of how the internet is being used by businesses and government organizations to save money and advance their objectives.

Answer 1

The Internet is used in many different ways to save money and advance their objective. From enhancing communication to facilitating market interaction with consumer internet is helping businesses in many ways:

• E-marketplace: Creating a virtual marketplace and selling their product to the consumers throughout the word was impossible without the internet. Now a single firm can sell their product to the consumer at another corner of the world and increase their profit many folds. The Internet has given rise to truly global companies. it has allowed businesses to run their store that is never closed.
• Enhanced communication and information gathering: Due to internet companies and government have more data that can be easily processed and help in decision making for the frim. Now the companies really know which of their product is loved by which people and what they like about it, and how they can change those products to attract more customers. Decision making for what to make and for whom to make has become simplified.
• Increased visibility of firms: Now a person sitting in India knows about the product in the US market and he has different ways to acquire it. It has increased both the consumer and enterprises visibility and facilitated interaction between them.
• Reduced travels, online advertisements, and virtual existence: With the internet, a business doesn't need to maintain a physical store they can only operate from their warehouses saving their whole expense of running a business store. They need to travel less between cities to expand the business. The advertisement has become cheaper and targeted with the internet.