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Electronic Commerce - Example Papers

Electronic Commerce

The last decade has seen the rise of many new technological developments, one of the most prominent of these developments has been the internet. The Internet has already managed to weave itself into our daily lives where we use it for the simple communication of e-mail or to retrieving large volumes of information. More recently the Internet has been incorporated into businesses which have ranged from 'online' grocers to travel agents and real estate agents. This has many advantages to the consumer such as increased price transparency, ease of use, and its capability to offer information to consumers about products. also has many disadvantages such as the constant security threat to ...

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on the Internet you are everywhere. A customer in Japan can buy exactly what a customer in the UK buys from the same electronic store. The capability to purchase products at ease from all over the world would eventually result in the weakening of international boundaries and increased trade between countries. For example when the machinery for one of General Electric's light-bulb factories broke down, GE would invite bids from four domestic suppliers. With the help of the Internet General Electric extended its bidding abroad, and awarded the contract to a Hungarian firm saving 20%. The Internet will also increase price transparency dramatically and bring about price harmonization. With the capability to find and list thousands of firms selling the same or similar products in a matter of seconds it would be nearly impossible for firms to sell their products at higher prices. Furthermore, also dramatically reduces the overhead costs for firms. Location is no longer an issue for ...

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Electronic Commerce. (2007, January 16). Retrieved November 20, 2024, from http://www.essayworld.com/essays/Electronic-Commerce/58782

"Electronic Commerce." Essayworld.com. Essayworld.com, 16 Jan. 2007. Web. 20 Nov. 2024. <http://www.essayworld.com/essays/Electronic-Commerce/58782>

"Electronic Commerce." Essayworld.com. January 16, 2007. Accessed November 20, 2024. http://www.essayworld.com/essays/Electronic-Commerce/58782.

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PAPER DETAILS

Added: 1/16/2007 06:28:42 AM
Category: Science & Nature
Type: Premium Paper
Words: 691
Pages: 3

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