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Final Exam E-commrece - Essay Example

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Course: Date: E-Commerce Introduction E-commerce refers to the use of the web to transact business. It is a type of industry where the buying and selling of products is undertaken using electronic systems such as the internet…
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Final Exam E-commrece

Download file to see previous pages... This undertaking was also meant to help organizations to handle their business operation through business-to-business sites and all other companies globally (Laudon and Traver, 39). Generally, e-commerce can also be referred to as refashioning the method in which goods and services are bought. The individuals who created this type of commerce meant it to make people do away with the traditional way of making money and start using the technological way. In the recent years it has been noted that the number of people who transact business online increase as days go by. This gives a clear impression that the vision of those who started this plan came to pass. There are many individuals these days that use the internet to transact business especially large companies that have many branches in different geographical regions. There are many individuals in the current society who carry out their businesses online because with the increasing use of technology the number of businesses that can be undertaken by an individual is high. For such people to manage all the businesses effectively, they choose to undertake them online so that they can monitor all the activities at the right time making certain that every operation is done as expected (Laudon and Traver, 67). With the large companies a managing director is not able to make himself available in every organizational branch which means that the monitoring of activities in all branches is done using the web. In the contemporary society people are able to sell products to those that are far away using the web and this satisfies the thought that the traditional ways of transacting businesses are no longer practiced today. What are the key challenges facing the online newspaper industry? According to Laudon, there are many challenges faced by the online newspaper industry. Among these challenges is the high price of newsprint. The amount of money needed for a newspaper industry to be able to publish all the happenings is high. This means that the money received through sales by organization doing it online is less compared to the amount used to print the details. It gives a clear impression that companies transacting newspaper business online are not able to make profits s expected. The other challenge is competition. In the contemporary society, individual who sell newspapers are increasing in number giving a clear impression that those who purchase their newspapers online are very few. Many individuals prefer buying them instead of purchasing them online. Incoherent advertising sales are another problem faced by the online newspaper industry (Laudon and Traver, 110). This means that most of the time there is confusion and the wrong newspapers can be advertised or wrong information placed in the wrong newspaper. With such confusion, the clients that have their newspapers online reduces making the industry have less returns due to less amount gathered from online sales. In the recent years, the number of newspapers scheduled for closure has increased. This means that the online companies that major on certain newspapers are as well likely to close down. It becomes an advantage to those companies that major on several newspapers so that if some are closed down then they are able to sell the others. For those that concentrate on one line ...Download file to see next pagesRead More
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