Question

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)

Solutions

Expert Solution

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.

Please give an upvote if you like answer.


Related Solutions

critically analyse how IT and e-procurement are changing the role of procurement
critically analyse how IT and e-procurement are changing the role of procurement
How is the Corona Crisis changing business culture?
How is the Corona Crisis changing business culture?
Sterility: sites with low or no microbes in nature and home, how to make things sterile...
Sterility: sites with low or no microbes in nature and home, how to make things sterile (lab, home) cell membranes and walls: differences in the structure of call walls and membranes between microbes - prokaryotic and eukaryotic, gram-positive and gram-negative, surface structures and their functions
how has The Changing Nature of the Multinational Enterprise aided in global integration. I need an...
how has The Changing Nature of the Multinational Enterprise aided in global integration. I need an example along with a detail explanation please
The nature of federalism is dynamic. It undergoes changes as changes in the demands of society...
The nature of federalism is dynamic. It undergoes changes as changes in the demands of society occur. What is the relationship between contemporary politics and trends in the size and power of the federal government? Many state governments argue that making federal funds dependent on state cooperation with national goals is “federal blackmail.” Why must the federal government use these financial incentives (and disincentives) instead of simply legislating that states do what the federal government wants? Does federalism retain substantial...
Explain the nature of traditional and E-Contracts.
Explain the nature of traditional and E-Contracts.
The nature of business about mamee What is the nature of business about mamee
The nature of business about mamee What is the nature of business about mamee
Q- ‘The dynamic world of the technologies is fast changing the nature of the goods and...
Q- ‘The dynamic world of the technologies is fast changing the nature of the goods and the ways to produce them.’ In the context of the above statement, explain the impact of technology on the long run cost and the elasticity of supply in your business over a period of time. Support your answer with an appropriate diagram.
How is information technology changing the way farmers run their business?
How is information technology changing the way farmers run their business?
It is said that the photoelectric e?ect demonstrates the particle-like nature of light. Explain how this...
It is said that the photoelectric e?ect demonstrates the particle-like nature of light. Explain how this conclusion is reached. That is, what experimental evidence is consistent with particle-like behavior for light but not with wave-like behaviour? Cite at least two pieces of evidence. (b) Electrons with a speed of 2.0?106 ms1 pass through a double-slit apparatus. A detector measures interference fringes with a fringe spacing of 1.5 mm. (i) What will the fringe spacing be if the electrons are replaced...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT