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Shopping in American Culture
Shopping in American Culture
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What is E-Commerce you ask? Well E-Commerce is the term that is used when referring to any business, or commercial transaction that involves transformation across the internet. In today’s world the internet is almost essential for anything you have to do especially shopping. There is not a successful company in America that does not use the ecommerce system in some type of way. For example have you ever shop online may be you have heard of Craigslist, EBay, Eastbay, or even Amazon all these or successful because of their ability to buy and sell online. There are many more business out their like this but this are just a couple of popular ones. How did ecommerce get started you asked? Well ecommerce has been around for about 40 years now. Even though it has been around so long it has begun to grow rapidly in the last 5 years and is just expecting to keep growing. EDI or Electronic Data Interchange started the whole movement out with it replaced traditional mailing and faxing of documents with a digital transfer of data from one computer to another. A man by the name of Michael Aldrich an English inventor is credited to be the inventor of online shopping. It is said that the idea actually came from a day out of shopping with his wife at the supermarket. In the year of 1979 Aldrich connected a television set to a processing computer with a telephone line and created what he coined, “Teleshopping” which means shopping at a distance. This was a great idea but like most great ideas it takes time to develop into a successful movement, and this idea would not begin to grow into the spread of the pc and the World Wide Web also known as the Internet. The internet which really started coming around in 1982 this connected millions of user t... ... middle of paper ... ...f the disadvantages of ecommerce. Its benefits outweigh the risk hands downs because for customers it saves you time from taking a trip to a store when the item you want may not be there. With companies it’s a major advantage because it gives growth to a business because it gives companies more options. Customers no longer have to come to a store and order now they can just pull up their favorite place of business website and just order directly from online. So this gives company ability time to get process orders without having to rush orders. I actually order a lot of things online myself so this is really reliable source for me with everything been sold online you can even get car insurance or even buy a car online these days. So next time you online getting ready to order something just think with 1 click of a button you can order anything because of ecommerce.
This is also a disadvantage for e-commerce sites because customers cannot speak to anyone from the business, and prefer to shop in in stores, for this reason. Customers also like to physically see the item they are purchasing, however with e-commerce they are unable to do this. That is why there is a lack of human contact. Also if a customer wanted to buy clothes, in store they would be able to feel the quality and try it, but with e-commerce this is impossible.
eBay was founded in Pierre Omidyar's San Jose living room back in September 1995. It was from the start meant to be a marketplace for the sale of goods and services for individuals.
eBay To: Board of Directors From: Management Team Subject: ebay: Facing the Challenge of Global Growth Date: 29 October 2008 Executive Summary: Introduction: The goal is for E-bay to move into more international markets; such as Russia, Denmark, Vietnam, and Turkey. In addition, to focus on fixed-price options and advance opportunities with more sellers and specialty items. Discussed will be the strategic impact on the above identified issues, and the best direction that E-bay should move into for advancement in business growth and operating margins. Industry Analysis: World Wide Internet users are on the rise. People across the world are adapting to using the internet (see Exhibit 1). With a large increase eBay would be able to market across the world. The company would make a considerable investment to expand in countries such as Russia, Denmark, Vietnam, and Turkey. With the current investment in 33 countries, a minute step to invest in more would be a significant gain in market share. The most positive outlook on the international market expansion is that the barrier to entry is relatively low. Competitors will need to enter the market and be able to know how to attract buyers, what will be sold and how much, and how to control their budget. Competitors also lack the knowledge that is developed from years and years of experience of the on-line auction industry. E-bay has the tacit knowledge and experience to continue to grow in the international market. The online auction industry will also give much strength to suppliers. With the decrease in selling costs this will coerce competitors to obtain groundwork to increase the amount of supplier’s and entices new sellers by offering higher profits per sale.In return this will truly benefit E-bay. Competitor Analysis: Amazon, another high competitor, will maintain to deliver more value to the customer in terms of ease, selection, and availability, which in turn will continue its competitive pressure on eBay. EBay to fully win over competition will need to increase the fixed-price options. Yahoo and Amazon both offer products at fixed-prices which bringin a variety of clientele. Some that may be not searching for a bargain, but a particular hard-to-find item. The fixed-price trading is expected to grow to nearly 50% by the year 2010 (see Exhibit 5). This causes for a huge emphasis, because this is a growing market.
According to the definition of Whatis.com "E-business (electronic business), derived from such terms as "e-mail" and "e-commerce," is the conduct of business on the Internet, not only buying and selling but also servicing customers and collaborating with business partners."[1]
If you're a techie entrepreneur creating a big e-commerce site, you may decide to buy a high-end Unix box to accommodate the volume and processing demands your bean-counters have projected for you. You'd run Sun Microsystem's Solaris software on it to power your Web server and e-commerce applications.
E-commerce, a system by which people can buy, sell and deal without even seeing the person on the other side, has taken a front seat in improving the economy of countries around the world. Technology today has made it possible for monetary institutions to help locate the customers resources and help solve their problems at any given time through online banking.... ... middle of paper ... ...
Earlier, there were no such concepts of retailing. Michael Aldrich invented online shopping in 1979.
In the case of Asia, the survey reported 77.6% of Internet users had online shopping experiences in 2003 (as cited in To, Liao & Lin, 2007). Online shopping is very different from traditional shopping. Consumers cannot touch and check the product before purchasing it, which means they are at a higher risk of fraud than traditional shoppers. Consumers also have other concerns, such as credit card security and online shopping. Then questions should be raised: what are the advantages of online shopping?
Buyers have fewer restrictions than traditional shopping. Traditional shopping has the stress of long lines, and limited business hours. Whereas, online shopping gives purchasers the capability to compare prices, shop 24/7, and no hassle in waiting in long lines. Online shopping stores offer a variety of items: clothing, food, electronics, tools, 1)and health and beauty items. The online stores also offer free shipping, next day shipping, easy returns, price matching and pre-ordering. Why would anyone want to go back to the hassle of traditional shopping when you have the world of shopping at your
EBay is an American internet based co-operation with its main headquarters in California. It was first set up in 1995 and has become one of the world’s most successful companies ever with ebay.com being the company’s main area of focus. Ebay.com is an online auction and shopping website where people and business have the opportunity to sell and buy goods and services worldwide.
1. Convenience: Online shopping provides convenience to the customers as it is available around the clock and is open 24*7. Many people choose to shop online because they could shop after hours, when traditional stores are closed & also they want to avoid traffic jams, crowds, waiting lines etc. Customers not only see products available but also online services that are provided to them. Good service will retain the customers for longer time. Some people want to avoid face to face interaction with the salespersons so they do online shopping. This is true for those people who have had negative experience with salesperson or they just freely want to make decisions by themselves without interruption of the
In conclusion, E-commerce looks more promising in the future. With the evolution of the E-commerce application, every business should take advantage of it. I believe it is the new way of reaching out to a large clientele. In future physical business locations would become more of a showroom. This would simplifier customers way of shopping. Like any other project, E-commerce application needs to be managed probably to succeed and be able to compete in the future.
E-commerce definition: E-commerce is about the sale and purchase of goods or services by electronic means (Chan et al, 2004). This is one of the most simple, basic and self explanatory definition of e-commerce.
By using my pal Wikipedia, I actually discovered the history of online shopping, none of which I knew before my research. I learnt that online shopping was invented in 1979 by English entrepreneur Michel Aldrich, who was an IT expert, with a total of 38 years in the business. On my Facebook news feed, I found a group of popular pages under a ‘Pages you may like’ heading. Mostly these were online fashion store who share their garments and products for the public to see, where businesses can promote their products through Facebook ‘like and share’ competitions. Pinterest was a great one for finding the most pinned clothing and accessories, once you see a dress or a pair of sweet kicks, you simply click on that pin to enlarge it and ta-da, there is the item, there’s the website and if you’re lucky, the price. I used my Instagram to fol...
What's e-business? It is the transformation of every business process through using the internet and associated technologies. In this transformation, each part of the business becomes a part of an intrinsic network, which enables employees, suppliers and customers of a given enterprise to conduct their tasks. People usually try to make a point in differing e-business from e-commence, but as I see, e-commerce is a part of the e-business category, and an important one.