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How Is E-Commerce Providing an Alternative for Startup Companies to Enter the Market Given the Current Economic Crisis - Research Paper Example

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This paper explores the scope of e-commerce in the world today and its potential role in helping startup businesses in entering the market. The author states that e-commerce can be a feasible alternative for startup companies to break into the marketplace …
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How Is E-Commerce Providing an Alternative for Startup Companies to Enter the Market Given the Current Economic Crisis
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Download file to see previous pages The economic meltdown has increased the inflation rates and lowered the export revenues. The countries whose products are subject to high-income elasticities have suffered greatly as well as countries that are dependent on foreign aid and remittances since both of these have been adversely affected by the global economic crisis. Countries in Africa have particularly been impacted by the crisis by reductions in both external and internal finance (United Nations, 2009). As a result, countries have taken steps to mitigate, if not completely reverse given the enormity of the impact, the effects of the economic crisis they are facing. Countries are focusing on providing a broader support to businesses (Staff Team from the Fiscal Affairs Department, 2009); however, the waters businesses find themselves in necessitating the urgent reformation of policies. Businesses are desperately looking for alternate ways to survive the financial storm. Where survival is tough for already established businesses, the question arises if startup businesses have a scope in the bleak circumstances the economy, especially in poor countries, is plunged in. one of the strategies that startup businesses can employ is by trading online.
Electronic commerce, or e-commerce, is a method of doing business over electronic sources. Products and goods are bought or sold via electronic sources which include the Internet and connection of computers meant to communicate. With the rapid pace at which technology has imbued in the lives of the people, as well as the surge in the popularity and usage of the Internet, e-commerce has boomed.  ...Download file to see next pagesRead More
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