Question

Conduct research on cases and issues in global trade. What types of businesses are best suited for doing business online? Why? What type of issues might an online business deal with in the global market?

Answer 1

Conducting business on the Internet may give businesses a range of benefits over other strategies, such as not getting the overhead involved with running a brick-and - mortar shop and avoiding the need to travel vast distances to make sales calls. The ease of doing business at your leisure can also be offered. However, considering the perks, there are still several concerns that may emerge while doing business online.

To do business online, a business owner has to have more than a simple understanding of the Internet. Needed abilities include learning how to set up a website for commercial purposes and how to advertise your company online. If you do not possess these talents, to help you get started, you would possibly need to hire the services of an Internet marketing firm.

It can be more difficult to establish ongoing trading partnerships because doing business on the Internet can open up opportunities all around the world. If you are based in the United States, odds are you won't get the opportunity to visit a client in Japan or Australia face-to - face. While technologies such as video conferencing enables you to see someone on the virtual screen, it also lacks the intimate touch of seeing someone in person.

And if you take steps such as setting up a safe consumer purchasing checkout website, you can always be vulnerable to unscrupulous individuals who hack your system and steal the private information of your customers. This can be used to empty the bank accounts of your clients or steal their identity. You will not be allowed to do business with people who don't believe in making internet transactions.
Things such as copyright theft are impossible to regulate due to the pervasive existence of the Internet. In a variety of independent countries, the Internet covers the world, so it is nearly difficult to establish a set of universal copyright laws. You may have a hard time stopping others from stealing your business model and exploiting it for their own gain if you've established a good Internet business.