The Internet Revolution


Now, with the click of a button, consumers are buying just about anything imaginable, and all from the convenience of the internet. People no longer have to leave their homes, work or where ever there is internet access to make important purchases. Technology has advanced so that companies are conducting business around the world with out ever meeting. No longer do consumers or businessmen have to shake to complete a deal or a sale, but merely click down on the mouse and the numbers change. Some internet companies have never seen their customers and yet some traditional retailers have not yet acknowledged the internet. However, “convergence is the new religion (“The ...

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Companies are merging and joining the internet all out of craze. The internet is revolutionizing the way the world is doing business through faster, easier and more direct consumer access to their desired companies.
Of course, such direct contact to these companies means that the “middleman” is often eliminated. People like accountants, travel agents and stockbrokers are all ending up with commissions being cut and even losing their jobs. “My commission was first cut from 10% to 8% and now to 5% on plane tickets. People are now buying their tickets online. Its much easier than going to travel agency (Halbert, intrv). People can also manage their money from home with on-line banking, which is now offered by many banks, which also eliminates the need for an accountant. Companies like E-trade and Ameritrade are taking the jobs away from stock brokers by offering $8 trades on-line as well. All these transactions eliminate jobs and are dangerous too. ...

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like Sears, the nations leading seller of appliances, need not to spend money on establishing a delivery system when they begin selling more products online because one is already established (Coleman A-4). The internet can save consumers time and effort as well because they can research the product before they phone in the order or go to the store.
Companies are making purchases a lot more accessible. Investment companies such as Merrill Lynch, Ameritrade, E-trade and Charles Schwab all give detailed reports, graphs, analysis and many other tools to keep track of stocks and other investments. They also allow the investor to take all responsibility and buy, sell or trade as much as they ...

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PAPER DETAILS
Added: 7/1/2007 03:14:06 AM
Category: Miscellaneous
Type: Premium Paper
Words: 1535
Pages: 6

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