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In: Economics

How is e-business changing the nature of how things are sold today? Are there changes that...

How is e-business changing the nature of how things are sold today? Are there changes that we don't see? (at least 2 paragraphs please)

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Answer :

E commerce has changed the way of doing the business. Technology is one of the main important factor which has changed the way of doing business. Development of the product ,selling,marketing everything has changed. Online buying and selling method has come . Online shopping has changed the perspective of buyers to purchase the goods.

There are some factors which has played a major in e- business for changing the scenario of buying and selling -

1. E - business is a very easy to start . Everyone can start it from everywhere. It is a good opportunity for village people to start e business or to purchase the goods directly to vendor at good prices.

2. By doing the e-business, product prices are very low rate. Because they don't need for servant,housing rent etc that's why products are available at cheaper rate than traditional market store.

3. People can buy from everywhere. It is easy to access . Due to business and modernization, people dont want to go market for purchasing the products . So it's easy to shop from e business. It's has changed the way of lifestyle of the people.

4. Variety of products are available in e business. So people have an option to choose the variety of products in their comfort zone.

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