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Based specific ways in which the internet has changed the way businesses operate in the global marketplace, for example global wage arbitrage. Issues of global regulation and oversight might form the basis for an ; likewise, increased sales opp - Essay Example

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It has contributed tremendously for most changes in the way business is done in the global market. Most businesses are using the internet as an effective and efficient way to reach out to…
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Essay based specific ways in which the internet has changed the way businesses operate in the global marketplace, for example global wage arbitrage. Issues of global regulation and oversight might form the basis for an essay; likewise, increased sales opp
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"Based specific ways in which the internet has changed the way businesses operate in the global marketplace, for example global wage arbitrage. Issues of global regulation and oversight might form the basis for an ; likewise, increased sales opp"

Download file to see previous pages It shows that over 3 billion people in the world had adequate access to the internet. This is a major change prior to the internet days where businesses relied on the local consumers or long term networking to boost their customer outreach. However, businesses utilizing the internet nowadays are able to connect with various clients, consumers, or even business partners from anywhere in the world at any time. This has boosted the businesses performances beyond the normal business hours which can be done at any time (United States Census Bureau web).
In the same survey, we can learn that the majority of the sales revenue generated in the year 2010 resulted from the internet. The internet has made online shopping a popular means of making purchases as well as pay bills. Moreover, the internet has become a a preferred and convenient alternative for many individuals since it is easy to use. Moreover, the willing and able buyers can make purchases without necessarily having to leave their homes. This is because it can be done via phone, personal computers or at the office. In addition, internet transactions saves a lot of time and money to the buyers. Furthermore, the retailers are able to reduce their overhead costs through spending less on the display and on the sales persons.
For the corporations and small businesses, they are able to benefit from the internet especially those who conduct businesses through various offices or departments. This is because they are able to quickly and effectively harmonize their data and communication with the various departments. Moreover, the businesses are able to handle, process and exchange large volumes of information and therefore save their expenditure on the number of employees who would be required to carry out the same task. This also helps to reduce on the logistic complications involved. Besides, the internet usage allows the information to be shared without presenting large problems ...Download file to see next pagesRead More
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