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Online Shopping - Term Paper Example

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Summary
Innovativeness in technology has been a vital factor that has influenced development of e-Commerce in the whole world. Electronic commerce is an industry that allows sellers and buyers to connect via the internet to trade products and services. …
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Online Shopping
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Online Shopping

Download file to see previous pages... With the increased exchange of products via the internet, the economy has been able to gain tremendously. Secondly, online shopping requires the services of middle-businessmen who will transport the products to the buyers. The middlemen serve an important purpose of ensuring the products and services are availed at the most appropriate time. This creates job opportunities to the many people that are unemployed (Miller 121). With such a development, the new economy develops since there are some people that have a disposable amount of income which is spent in the economy. Therefore, it is evident that online shopping has developed the proceeds of the economy by creating job opportunities and enhancing the economy through constant exchange of products from the sellers to the buyers. Similarly, it has enabled constant flow of money in the economy since the quality of products is improved. The buyers and sellers are the first hand benefiters from online shopping. Online shopping connects buyers to sellers in a more elaborate and easy manner. First, buyers get to know the location of sellers and how they can be contacted. This eases the process of acquiring products and services. As such, the buyers will have an easy time in locating the sellers. Secondly, the buyers will not waste time looking for an appropriate supplier of the products that need (Rich 167). This is convenient to people that have a busy schedule. As such, they will spend limited time in contacting an appropriate seller of the products they need. Thirdly, buyers do not have to physically access the sellers’ shop for the products. They can make communications via the internet and provide all the information that is needed. This eases the...
Online shopping has had an effect on traditional shopping in a number of aspects. First, online shopping has reduced the number of people that rely on traditional shopping. For instance, this has reduced the number of people that physically access shopping centers and the market to buy products and services. Secondly, online shopping has increased the number of people that use electronic cash transfers in buying products. This has affected traditional shopping since very few people carry hard cash. This has had negative effects on traditional shopping since impulse buying has been reduced. As such, people that do not use online selling tactics are disadvantaged. Thirdly, online shopping has changed the world in that people expect to be supplied with the products they have bought. Many people expect the products to be delivered at their homesteads and door steps after making a purchase. This affects traditional shopping negatively since it does not have such services.Though online shopping has its favored advantages, it has a number of drawbacks. First, there are some products that are not sold online. This makes it hard for a seller to attract some customers online. ...Download file to see next pagesRead More
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