In e-business, online stores have the ability to spread out their fixed costs over a larger customer base and offer a wide variety of goods to their patrons (Shapiro and Varian, 1999). The global coverage of the internet provides small business with the possibility of reaching customers oversees at affordable price or virtually no cost at all and thus achieving economies of scale in terms of the number of products sold much more cost efficient compared to the cost of producing and distributing them. Firms which use the internet for advertising and promoting their selections of goods can also achieve economies of scale in relation to marketing efforts, which come from wider functions, more prompt servers, or more stored data. Firms providing a wide selection of products or services rather than
Despite the fact that shopping centers are still being swarmed by shoppers, just as they do on the Internet, the question still remains – whether online shopping will conquer all, or if traditional shopping will survive this increasing onslaught of e-shopping? One of the main advantages of shopping online is the elimination of the need to drive somewhere to buy something; as such, there are no frustrations of dealing with traffic snarls and parking problems. Realistically, you could use up half your petrol merely shopping for the stuff you want; with the price of petrol being what it is lately, the money you save by shopping online will often be enough to pay for a few items or gifts you were thinking of buying. Online shopping saves precious time. With the busy lives that most of us lead, anything that saves time is a
Economic geniuses have made them affordable for everyone. Not only are personal computers good for educational purposes, but they work wonders by helping people all over the world stay connected, allowing globalization to happen at an even faster pace. Libraries, simply put, are warehouses of information. The world’s largest libraries hold hundreds of thousands of books containing information passed down from our ancestors. Now a days I find that people do not use libraries as much, but instead turn to the internet, accessible from nearly any computer.
Nowadays that using an internet has increased. A lot of merchants have put their whole goods on websites. You can view and shop whenever you want! There are three reasons why shopping online is so much better than shopping at stores: saving money, saving time, and helping environment. You can save much money by shopping online because you don’t have to drive to stores.
The threat of new entrants is fairly low for the industry because it entails a very high start up cost. VOIP is much cheaper to create the initial infrastructure because it utilizes the internet which most target customers have at this time. The market is highly concentrated, which makes it hard for new companies to get their foot in the door. That being said, big names such as Google have come in to capture a small percent of market share. Google i has the infrastructure to allow users to place calls for free through Google Voice.
The price of shopping at stores is more expensive than price of shopping online because products of stores must be paid taxes and added premise money, but online products needn’t be paid premise money so the price of shopping at stores is higher than shopping online. However the price of shopping online isn’t stable as shopping at stores because online market is naturally a stable market. There are many different prices on each Web. In addition, when people go shopping online, they must pay another sum of money for deliverer up to far and wide distance, and that is the difference about the price of 2 kinds of
Prices and Discounts could also be researched to find the best deals to fit your budget. Sizes of the product is also important for the right measure of clothes and the exact size of electronics and other items or products. Lastly, online shopping is convenient to the consumer, mainly because It is easier to bargain shop from the comfort of your home or office. Online shopping has grown over the years because you can accomplish it anywhere and anytime possible. One of the greatest factors is that you don’t have to wait in long lines and search store to store for a particular item.
Which Shopper Are You? Don’t you wish you could shop until you drop every day? Shopping is a common and usually enjoyable activity that most people engage in, whether it be shopping for a new wardrobe or just picking up a few essential items. Shopping has been a part of life for a long time, but over the past decade this activity has taken a slight twist. Now that technology has advanced and became a part of every day life, shoppers are now able to make purchases through the Internet without having to be in the physical location of the store.
Amazon’s direct-to-consumer online model allows it to keep its inventory in a small number of strategically located large warehouses, letting the company offer a vast selection of goods (removing the granularity risk of relying on any particular product line) and without the capital investment and inventory risk that traditional brick and mortar retailers face. In comparison to brick and mortar retailers, whose input costs (e.g. rent, utilities, and labor) generally rise over time, Amazon and other technology-dependent internet retailers reap the benefits of technological progress as computational power, bandwidth, and data storage technologies all improve in quality and decline in cost over time. In addition, due to sophisticated inventory forecasting, fast inventory turns, and overall operational efficiency, Amazon has managed to build a retail business with a negative operating cash flow cycle, which means Amazon gets paid for products by customers before they have to pay their suppliers for the goods. Working capital has effectively become a source of investment cash for the company.
Because of the Internet, people can quickly sell, advertise, and share knowledge. Life before and after the invention of the Internet are totally different, but what have changed the most are communication, information and business. First, people communicate with others every day, and they all want to have the easiest way to contact with others. With the help of the Internet, people are easily to communicate than the life without the Internet. For example, MSN messenger is an instant message system that people can send messages to friends in one second.