StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Advantages and the Use of Online Business - Essay Example

Cite this document
Summary
The essay "Advantages and the Use of Online Business" will discuss two main advantages of the Internet as that the internet is quick and easy to share information with while it is also cost-effective and there are no boundaries thus giving flexibility and remains to be a transparent structure…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.3% of users find it useful
Advantages and the Use of Online Business
Read Text Preview

Extract of sample "Advantages and the Use of Online Business"

Download file to see previous pages

This paper tells that the internet is a fast and easy sharing tool of information, which makes it the most important tool of the new era. The Internet has been the catalyst for the change and development of the business world in the generation. It has become indispensable for the companies to gain the maximum benefit with lower fixed costs and investments, through their resources. This is done by using the most efficient manner to compete with rivals in terms of crises. Aydin & Kavaklioglu uses content analysis method in their study on the website www.kitapix.com to make sales directly to the final consumer over the internet.

This website was formed in 2009 under a low budget but established a customer group in a spell. Low investment costs and low fixed costs benefits, made e-commerce much more attractive for other companies. Besides the low costs, Baird notes that e-commerce may reach to a large geographical area with unlimited boundaries of service time and provide a great competitive advantage to the businesses. For example, in the retail industry, merchandise assortments can increase inventory carrying costs and expenditures, which are caused by product returns.

To control these costs, many retailers have maintained relatively few stock-keeping units (SKUs), which yield a pattern of awareness in sales commonly known as the 80/20 rule and described by the Pareto Principle. Another example is that some people have claimed that the surge of Internet retail activity can dilute this concentrated pattern of sales by lowering consumer search costs. As a result, they have argued that Internet commerce may contribute to an expansion in the share of sales by niche products, thereby creating a longer tail in the distribution of SKU sales.

This phenomenon may ultimately make it more attractive to sell a greater variety of SKUs without incurring excessive carrying and product return costs.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Advantages and the Use of Online Business Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved de https://studentshare.org/business/1450904-haleem
(Advantages and the Use of Online Business Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/business/1450904-haleem.
“Advantages and the Use of Online Business Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1450904-haleem.
  • Cited: 0 times

CHECK THESE SAMPLES OF Advantages and the Use of Online Business

Competitive Use of Technology

Or in simple words technology is the use of knowledge, materials, equipment, tools, sources of power, and techniques to come up with enhancement in productivity while giving luxury to humans to carry daily operations (complex and simple) with ease and accuracy.... This paper ''Competitive use of Technology'' tells that Nowadays businesses around the world are seeking expansions and are devising strategies to gain a competitive advantage over other businesses....
14 Pages (3500 words) Essay

Online business

online business Introduction Running a retail store as a business activity in the past meant having a brick and mortar structure, with a number of items kept in stock and displayed for customers to see, and the facilities for customers to complete the exchange process for the items that they wished to buy.... The advantages and Disadvantages of the Online Store The quick growth of on-line stores reflects the apparent advantages of an online store over the physical stores....
3 Pages (750 words) Research Paper

Online Retailing

By the use of online marketing, the company is able to explore these competencies more expansively and intensively (Tampa et al 2000).... Brick and mortar business is a description of the business that is entirely based on the internet differentiating from that which operates in the practical environment.... Brick and mortar business is a description of the business that is entirely based on the internet differentiating from that which operates in the practical environment....
3 Pages (750 words) Assignment

Online Shopping Facility of Chocolate For Ever

This work "Online Shopping Facility of 'Chocolate For Ever" describes the advantages and the risks involved in the business.... However, while thinking of expanding their business through the online selling facility, it is necessary for 'Chocolate For Ever' to consider both the pros and cons, before stepping into the business of selling chocolates, online.... The primary objectives of the study were to find out whether there was any relation between demographics and shopping habits of the customers, the number of Internet experiences in the households, and the market potential as well as the online shopping plans for the urban people in Vienna....
6 Pages (1500 words) Coursework

Business Advantage from E-Commerce in Fashion Industry

The model largely states the use of technology intensive software packages as well as use of online channel to facilitate competitive advantage(Fernie & Sparks, 2009, p.... Fernie & Sparks (2009) proposed a model that stated the use of technology for ensuring procurement practices at the organization.... The paper “business Advantage from E-Commerce in Fashion Industry” aims to discuss fashion retailers, who can be classified into four main categories namely, brick and mortar based retailers, virtual e-retailers, catalogue based retailers and multi-channel retailers....
11 Pages (2750 words) Essay

Advantages of E-commerce

hellip; Electronic commerce or E-commerce is an effective way of conducting business because it involves the use of electronic media to sell goods and services.... Electronic commerce or E-commerce is an effective way of conducting business because it involves the use of electronic media to sell goods and services.... Ease of communication is equally a feasible manifestation of online platform of doing business.... Advantages of E-commerce Conducting business in the 21st century requires numerous things that include innovation and creativity....
2 Pages (500 words) Essay

Advantages of Online and Traditional Education

In this paper "Advantages of online and Traditional Education", the author argues that online education is more advantageous as opposed to traditional education as illustrated below.... There are other software that is used for online learning includingOne of the main advantages of online education is that it is cost-effective.... Both online and traditional education has advantages and disadvantages.... online education is also referred to as e-learning or distance learning....
6 Pages (1500 words) Essay

Advantages of Getting to Know the English

With the rate at which globalization is taking root in many spheres of life ranging from education to business, knowledge of the language is inevitably critical.... The author of this particular paper under the title "advantages of Getting to Know the English" seeks to explain the various advantages of learning some English.... mong the most notable advantages of knowing the English language is that it enhances effectiveness and convenience in the tourism sector (Bartram, 2010)....
4 Pages (1000 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us