Nobody downloaded yet

Advantages and the Use of Online Business - Essay Example

Comments (0) Cite this document
Summary
The essay "Advantages and the Use of Online Business" will discuss two main advantages of the Internet as that the internet is quick and easy to share information with while it is also cost-effective and there are no boundaries thus giving flexibility and remains to be a transparent structure…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Advantages and the Use of Online Business
Read TextPreview

Extract of sample "Advantages and the Use of Online Business"

Download file to see previous pages This paper tells that the internet is a fast and easy sharing tool of information, which makes it the most important tool of the new era. The Internet has been the catalyst for the change and development of the business world in the generation. It has become indispensable for the companies to gain the maximum benefit with lower fixed costs and investments, through their resources. This is done by using the most efficient manner to compete with rivals in terms of crises. Aydin & Kavaklioglu uses content analysis method in their study on the website www.kitapix.com to make sales directly to the final consumer over the internet. This website was formed in 2009 under a low budget but established a customer group in a spell. Low investment costs and low fixed costs benefits, made e-commerce much more attractive for other companies. Besides the low costs, Baird notes that e-commerce may reach to a large geographical area with unlimited boundaries of service time and provide a great competitive advantage to the businesses. For example, in the retail industry, merchandise assortments can increase inventory carrying costs and expenditures, which are caused by product returns. To control these costs, many retailers have maintained relatively few stock-keeping units (SKUs), which yield a pattern of awareness in sales commonly known as the 80/20 rule and described by the Pareto Principle. Another example is that some people have claimed that the surge of Internet retail activity can dilute this concentrated pattern of sales by lowering consumer search costs. As a result, they have argued that Internet commerce may contribute to an expansion in the share of sales by niche products, thereby creating a longer tail in the distribution of SKU sales. This phenomenon may ultimately make it more attractive to sell a greater variety of SKUs without incurring excessive carrying and product return costs. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Advantages and the Use of Online Business Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved de https://studentshare.org/business/1450904-haleem
(Advantages and the Use of Online Business Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/business/1450904-haleem.
“Advantages and the Use of Online Business Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1450904-haleem.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Advantages and the Use of Online Business

Online business

.... One then has to choose the payment option and provide the relevant details. The online store verifies the payment and then ships the items to you. All tat one has to do is await the delivery (Lohse & Spiller, 2003). The Advantages and Disadvantages of the Online Store The quick growth of on-line stores reflects the apparent advantages of an online store over the physical stores. On-line stores are quicker to set up in that there is no need to locate and rent or build physical space, once the necessary tie-ups with suppliers are complete. It is much easier and faster to set up the web site with the requisite number of pages containing the details of the...
3 Pages(750 words)Research Paper

Starting a Business Online

...? Starting a Business Online Answer The conception of e-business or business online considers the transaction of products and/or services through the electronic media in which the significance of domain names is often regarded to be quite high (Stead & Gilbert, 2001). The domain name system also identifies the role of the organization to attract online business and generate continuous traffic to its site (Bagby & Ruhnka, 2009). Hence, the domain name can have a significant effect on the reputation of the domain name holder, which can be an individual or a company as well. It is in this context that reselling of domain...
4 Pages(1000 words)Assignment

Online Business

...the IMRG "Internet Shopping is Safe" Campaign and they are on the Safe Shopping List. This campaign is backed by Industry and Government and aims to re-assure the customer of the safety of shopping online. EmpireDirect.co.uk supports the IMRG "Internet Delivery is Safe" Campaign too. This campaign is also backed by Industry and Government and aims to re-assure the customer of the safety of getting your order delivered. 100% Secure Shopping. All personal information is stored using 128 bit encryption. They utilise the industry-standard Sockets Layer (SSL) technology to encrypt all the personal information including credit or debit card numbers, names and addresses. They offer optional secure payment...
3 Pages(750 words)Essay

Business Online

...e-commerce for all kinds of profit-maximizing reasons, which includes, obtaining more competitive rates, satisfying its customers more efficiently, for expanding, displaying their business related adds or brochures, assisting in customer support and most importantly to manage their supply chains. The main trend in B2B e-commerce that dominates the business market in this computer age is the use of a webpage, more specifically known as a company's website. A true business entrepreneur would come up with a site that carries detailed information about the services that its company offers, enables visit to buy products or services online. This is due to the...
2 Pages(500 words)Essay

Advantages/disadvantages of online databases

...Running head: ADVANTAGES AND DISADVANTAGES Advantages and Disadvantages of Online Databases Total Number of Words: 1,384 Introduction Information available online is very broad and complex. Aside from the use of search engines, online databases is being widely used by the researchers in searching for peer reviewed journals and other related articles. In line with this, a literature review will be conducted to discuss the advantages and disadvantages of using online databases. Literature Review Advantages of Online...
4 Pages(1000 words)Essay

Advantages and Disadvantages of Online Communication

...of internet communication is adopted in business to make operations more effective and efficient (Buttersis, 2010; Cameron & Webster, 2005). He is quite elaborative on the advantages and disadvantages of using internet for communication among co-workers. Face-to-face communication, hence, becomes his solution to the problems associated with and quotes Greenwood (2013) and Patterson (2006) to this respect. References Buttersis, C. (2010). Advantages and disadvantages of online communication (Revisited). Clawson, J. G. (2012). Level three leaderships: Getting below the surface (5th Ed.). Upper Saddle River, NJ: Pearson/Prentice Hall. Ebrahim, N. A.,...
1 Pages(250 words)Assignment

The advantages of online shopping

...requirements appropriately. That point illustrates one of the benefits of online shopping that is; it saves time. With online shopping the buyer doesn’t need to physically go to the store to buy the product. He simply loggin or go to the website of the company whose product/service he wishes to buy, make an order, pay and the service will be acquired or delivered in case of a product. This saves time that the buyer might have used to go to the store. Another advantage of online shopping is that it very convenient. That is, who does not want to go to the store, make that long queue before being served? Most consumers prefer buying at their convenient...
2 Pages(500 words)Essay

Advantages of Online Recruitment

...Advantages of Online Recruitment 1.1. Introduction E-recruitment has been a constantly discussed issue over the last decade or so. With the advent of information technology, companies have increasingly resorted to the use of IT enabled tool designed to facilitate recruitment and selection process. The term e-recruitment or online recruitment implies the formal sourcing of job information over the internet. The first idea about online recruitment was stated in articles that were published during the mid 80s. Online recruitment can be done in two ways. One is through the use of company web sites where HR can post job advertisements in the career section and the second way is through online job portals such as monster.com. In using... of...
17 Pages(4250 words)Essay

Business plan of online business

... Task Business Plan for Online Business Introduction Party Safaris is a new business line in the specializing in event management. This is a service business selected by four partners and inclined in the Information and Communications Technology (ICT) filed. As such, this is an internet based business that uses the online platform to sale it products and services to prospective clients, business partners, as well as other interested industry stakeholders. Currently, the physical location of the business is at Monaco. However, the business plans to extend its market sphere in order to cover a wider are of its surroundings, such as France and Italy. Party Safaris seeks to be a leading global business in the field of event management... ...
34 Pages(8500 words)Research Paper

Online Shopping

...Online Shopping Introduction The advancement of technology and availability of internet has made shopping easy. Currently, people do not have to go for shopping physically. An individual can buy things at home or any place of choice through the internet. Online shopping involves placing and making payment online for products. Business organization have developed website platforms which enable buyers to place order and make payment for products using credit card. The product being bought online is shipped to the customer after making full payment. Online shopping like any other form of business is...
4 Pages(1000 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Advantages and the Use of Online Business for FREE!

Contact Us