1.0 To conduct PEST (Political, Economic, Social, Technological) analysis to determine the external environment of international e-tailing. 1.1 Introduction E -commerce is enabling firms to establish market presence , or to increase existing market position by providing a distribution network is cheaper and more efficient to market their products or services . For example , one company has successfully used e -commerce is the target . This mass retailers not only have physical stores , but also has an online store where customers can buy everything from clothes through to food items. Should we use e -commerce to purchase goods or services online we also need to know the advantages and disadvantages of e -commerce. Some of the advantages of e -commerce for consumers is : • Convenience : E -commerce can take place 24 hours a day , seven days a week. • Selection : Many stores offer a wider range of products online than they do in brick - and -mortar their friends . And the stores that only exist online can offer consumers a choice of goods that they otherwise could not access . But e -commerce also has disadvantages for users : • Customer Service Limited . If you want to buy a computer and you shop online , there are no employees you can talk to about any computer will best meet your needs . • There is no instant gratification . When you buy something online, you have to wait for it to be delivered to your home or office . • No ability to touch and see the product. Online image does not always tell the whole story about the item . E-commerce transactions cannot be satisfactory when the user accepts the product is different than expected. 1.2 Politics Revenue global e- commerce tax shall be spent to finance global public goods... ... middle of paper ... ...help in the business. In addition, new technologies such as the internet and e -commerce comes with significant changes such as the continuous rise in the educational attainment of the workforce, the shift to the service sector and employment opportunities. Commercial e -commerce has enormous opportunities in the enterprise or business in Malaysia . Besides that introduce new techniques and styles in the transaction. Thus traders should prepare and formulate policies and strategies for entering new markets with e -commerce. With the world of technology , we now no longer blind IT . It can change the world we are in terms of saving time and being able to buy things from a global world. Moreover, we can identify a number of issues affecting the pricing of products for export , including the export operation costs , market conditions and environmental constraints .
Online retailing in China, dubbed ‘e-tailing’, has doubled every year since 2003. By 2020 the size of China’s online retail market is predicted to reach up to US$650 billion, exceeding the combined value of online markets in the USA, UK, Japan, German and France. With over 590 million internet users, China boasts the world’s largest online population - more than the US and Japan combined – and still growing at almost 10 per cent per annum.
Shopping online is the best way to purchase items because people can often find better deals, saves finances and energy, and allows customers to shop at any time they choose. Online shopping has risen due to the fast paced lives that people all tend to live these days. Most people like doing their shopping online because it is a lot more convenient to access a website or device rather than finding the time to actually go to the store and hunt down the items customers are looking for. “[It is expected that] by 2017, there will be five devices/connections for every internet users.” (Bort). With those numbers, many people will probably prefer online shopping due to how many devices are in each household and because of the simplicity of online shopping.
Now a days E-commerce is attracting much interest of both customer as well as business community. It possess a high potential for changing the complete way of business and optimizing the complete business process by satisfying the customer needs with easy hand and managing the supply chain between customer and business. It is easy with e-revolution for transferring of information and interaction between business to business and market requirements. Textile industry is also taking advantage of E- commerce for overall improvement of business structure.
Shopping online has been very convenient for people whose time is limited and don’t have time to go to the store. If you’re life centers around an online atmosphere such as an online profession or college classes then online shopping can be more convenient. It also has many positives in that you don’t have to catch the bus, commute, and also reduces time it will take walking
Online shopping is most convenient for individuals that don’t have time to go to the store. If you’re busy with an online job or online classes then online shopping can sometimes be more convenient. It’s also convenient since you don’t have to drive, catch the bus, wait in a long line, or deal with not being able to find an item. All you have to do is type in the item you’re looking for and it’s there. Once you find the item, you can order it at anytime because online stores never close.
The undeniable advantage of online shopping is always be time saving. By today's standards time saving is important advantage. In second place saving money is also important advantage of it. Products from online stores are much cheaper than conventional products in stores. This is due to the absence of charges of retail premise, pay vendors and other costs. Searching for an hour or two, the network is realistic to find exclusive clothes a scarce commodity or rare thing. In the online stores there are also seasonal sales and savings discounts. The people living in metropolitan areas they tend to buy domestic goods from online retailers delivered free of charge and delivery itself may take several hours.
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
In our technologically savvy world, it can be said that the internet conquers the social and economic status of every country and its individuals. In this exciting point of time, online shopping is not an uncommon term used. Online shopping is described as the process of purchasing products and services from merchants worldwide over the internet (WiseGEEK, n.d.). Online shopping is also sometimes referred to as e-commerce in the business world. Online shopping is so revolutionary, that it has single-handedly changed the entire norms of a society. Where once, we used to go to town or a shopping centre to get what we need, now the convenience of getting something is a few clicks away. We are even able to order food online and get it delivered to the doorstep without even needing to step out of the comforts of home (Nickson, C., 2013).
Online shopping allows you to compare prices with other stores and endless sizes and colors are available to you that normally wouldn’t be in stores. The convenience of being able to check multiple stores prices without having to waste gas to drive to multiple stores to find the best price is just one of the many ways shopping online can save you money. We all know children grow at an exponential rate so having to go to the mall multiple times a month is frustrating and tiring. Being able to have someone deliver whatever you desire right to your doorstep is like receiving a gift. Another pro of online shopping is having access to customer reviews. Yes, you may be able to physically hold the item if you were buying it from a store, but by reading the customer reviews you can decide if the product is worth the price. You can even write your own review to inform other people of your opinion of the product. If you don’t like the product, most places allow you to ship it back hassle-free with a full refund or
... E-commerce sites also provide 24/7 service. This means buying online is effortless as it is accessible at anytime. This is also easier for the customer as they may find it much more easier to browse/buy online than in a physical store.
Advertising plays another role of spending more money online. People that watch less TV spend less things they won’t and people that watch a ton of TV tend to spend more online. Once you go to a site they always have a sale or trying to advertise some new items to you. Retailers usually have better sales online than actually walking into a
Electronic Commerce as popularly as E-commerce has become a big deal in our growing economy due to the increase use of online systems. E-commerce now of the fastest growing business in the world. The technology has change the way of business. Business that have physical location have now made it an effort to focus their online business. It is the new sort of business platform where you can make use of different technologies like electronic data interchange or transfer document electronically. Online business is an effective of sales.
Available goods and services: Customers are benefitted from online stores as they provide more variety of goods from all over the world than any physical store. All the brands are available. Most companies have their websites to offer goods/services online, no matter they have any front store or not. Many traditional retailers sell certain products only available online to reduce their retailing cost or to offer customers with more choices of size, color etc. Also, online shopping sometimes offer good pay plans and options for customers. They can decide their payment amount and date in their own convenience &
The report also talks about the differences between, advantages and disadvantages of e-business and e-commerce. Recommendations and advice have been given in the end for businesses intending to adopt an e-business dimension.
Online shopping uses computer and a connection to the World Wide Web; consumers can visit many major department stores to buy a broad range of products and not even have to leave the comfort of their homes.