Among those in the world market, in regards to online shopping, the US ranks second in their growth of this sector. China is first, with a compound growth rate of 120%. This is credited to the fact that online shopping is still quite a novelty in China. For other countries, who have already had their major introduction into online shopping, the growth rate is not as high (Schultz & Block, 2015). For the United States, the increasing rate of use of smartphones and tablets is propelling the ease of online shopping. Consumers have the increased flexibility and capability of conveniently researching online, determining the best fit for their needs and making their purchase with ease from any location. When reviewing category divisions of …show more content…
No matter your age or playing style, there is a game that will meet your needs (if you like games). From MMORPGS (massively online role-playing games) to strategy and action shooters, no matter what your personality, the online gaming community has you covered. For example, in Call of Duty you take a first person view and attempt to destroy the opposing team with a variety of weapons and technology. In the Sims, you create your own virtual world to your hearts content. In League of Legends a team of players pit themselves against another team of players in a top down view in an attempt to destroy the opposing teams …show more content…
Email was first created in 1971 but wasn’t commonly used until 1985 (“The 41-Year History of Email” 2012). Text messaging or, sms, wasn’t invented until 1992 and was first on mobile phones in 1993 (Gauomali, 2012). Fast-forward to today and over 3 billion email accounts and 294 billion emails are sent per day (Gauomali, 2012). Text and email has quickly become the preferred way of communication for many living in today’s busy lifestyle. Due to technology advancing, it has made it much easier to communicate across the globe but has also caused some health problems for users. An addiction is labeled as being dependent or addicted to a specific thing or activity (“When Texting Becomes an Addiction” 2010). Text and email addiction is caused by the lottery affect, which is the feeling we receive when we get a text message. It is called the lottery affect because we get the same euphoric feeling of hope and possibility when we receive a text as the lottery (Colier, 2013). Text addiction is increasing as availability to technology is
With the onset of technology, online stores or merchants have been a byword of those people who wants to shop comfortably even at the comfort of their own homes. Online shopping is now “in” and is really a booming industry. Because of these, different online stores have invaded the net.
When choosing to shop online or at a brick and mortar store, start by weighing the pros and cons of each established method of shopping. When shopping online a consumer is are able to browse multiple stores while sitting in their pajamas, no driving from store to store, and there is no need to deal with overcrowded stores. Time is not an issue, browsing online for a pair of shoes might start at three in the morning or five at night. Online shopping brings the global market place directly to a shopper’s front door. Under normal circumstances, the common person would not be able to browse and purchase from stores far away like China.
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.
Amazon.com operates in the Online Retail Industry. The sector is one of the fastest growing globally and is outperforming the ordinary retail marketplace. It was created after 1995 and it was only the Internet that made it possible for such an industry not only to be established but to become one of the most flourishing sectors in the business environment. What is interesting is that Amazon.com, together with eBay is the pioneer in the field. Both companies were launched in 1995 and are still extremely successful. The creation of e-mail in 1996 had a huge impact on the development of online retail by introducing a fast and easy way to communicate with customers. For this two-year period Internet usage doubled annually, thus, allowing for the expansion of the industry. Google is launched a year later, in 1998, only to become the most used search engine in the world and an essential partner for the online retailers by helping them tailor their websites to customer’s personal preferences and by advertising. After that, more and more people see the opportunity in the growing industry and enter it. By 2001 there are more than 513 million Internet users globally, which calls for action in terms of creating regulations and laws to protect the users and personal property. In 2003, Apple launches iTunes, and provides a platform for low-cost digital downloads. Another major change is the appearance of social media from 2004, which is one of the biggest influencer on the state of the industry. With the launch of iPhone in 2007, this trend strengthens as people get to enjoy the Internet anywhere they want to. From then on, technological advancements have made it extremely easy and fun to shop online, making it ...
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.
Over the past decade, e-commerce has grown significantly due to the rapid globalization. The increased globalization has resulted from tech...
One of the main advantages of online shopping to the consumers is the convenience of being able to shop anywhere and anytime. Online stores can be easily accessed by any device which can connect to the internet. With online shopping, it is entirely possible to shop in the wee hours of the morning, while still on bed as online stores almost never close. An individual only has to log onto a particular website, add the items they want to purchase into their shopping carts and checkout to pay for said item. They don’t need to even leave the comforts of being home (ICT, n.d.). According to a survey done by Rivate Label Buyer (Consumer Attitudes Towards Online Shopping, 2013), about 80% of consumers opt for online shopping as they do not need to go through traffic and find a parking spot at the shopping centre and another 70% of consumers shop online as they do not need to walk around the store looking for something or get ready to go to the store. The simplicity of this method of shopping is the main pulling factor of online shoppers. According to Boswell, W. (n.d.) mothers with small children, people who are homebound and during the times of unsuitable weather, online shopping is the way to go.
The introduction of smart phones in our lives is perhaps one of the greatest things that ever happened to mankind since creation. Smart phones have instantly changed communities around the world in many ways, many of us remember not too long ago the traditional way of communicating was by mail. Today with instant messages, such as texts and picture messaging make it seems like it is the only way to communicate. This exciting phenomenon brings families and friends who live thousands of miles away together. The sudden change have affected young and old, in many countries around the world regular mails usually take few weeks, in some cases month to reach remote areas. Since the introduction of smart phones the story is not the same anymore. Few
In the past few years, a great deal of people created an online shop and exploit the online purchasing market in Hong Kong. Not only had some general residents do that, but also some large-scale chain stores, such as, IKEA and Sasa. These stores have also established their own online shopping system. In addition, the online shopping phenomenon has continuous increase. While some online shopping system’s users welcome this new technology that provides a convenient purchasing platform, others doubt the risks that follow to appear. This paper examines both the arguments for and against on consumers shopping online and provide suggestions based on these arguments.
Shopping had always been people’s necessity. A few centuries ago, people had to go out on the street or market to purchase goods or food with cash in person as consumers and sellers, but where have all the shoppers gone lately? Because of great improvements in technology, online shopping has arisen. Instead of going to the mall or stores and taking hours to look for what is on the shopping list, online shopping became accessible in the recent generation. In 1979, online shopping was invented by Michael Aldrich who was inspired to connecting a domestic television by telephone line to a real-time transaction that he called teleshopping ("Inventor 's Story."). Also, online shopping is another way for companies to sell their products to consumers,
With the increase of internet usage, the internet has impacted and taken over our society today. We use the internet for almost everything including; communication, shopping, world news, and even school. Booking a flight or a hotel via the internet has become the way to go to save money and time. People are able to shop for different hotels and flights without using a travel agency. I remember shopping with my mother, making a grocery list, and clipping coupons. Now, there are websites for just coupons. The internet has definitely cut out the extra work of looking in so many newspapers. Online shopping may be the most popular way to shop. The internet is a great source for shoppers looking to broaden their
Overseas online shopping is defines as searching goods by the internet and then send shopping requirements by electronic orders. Convenient networks shopping system, the rising consumption and demand for foreign goods are all contributes to overseas online shopping. More overseas online shipping sites provided information including good classification and shopping guide, furthermore, it also provided overseas purchasing service directly. As an agent role, overseas online shipping sites want to make profit and apart from other competitors. Thus more online shipping sites increase sales by promoting and offering discount, which affect the demand of goods and equilibrium price of goods.
Throughout the years we have created so many shopping malls around the country to compete with others and invest more in the business industry. Too many shopping centers will create a problem with the amount of sales a mall is able to receive. These sale numbers affect the mall with continuing business when they begin to decrease and start to affect negatively causing stores to close. Store closures lead shopping malls out of business and eventually lead them to closure. Fox Business Network, a well-known television channel and news website, informed their audience on the most recent “retail apocalypse.” About twenty-two anchor stores around the U.S. filed for bankruptcy and many of these are well-known to the public like JCPenney’s, Macy’s,
In today’s era “INTERNET” is playing a significant role in our daily life. People can walk through the internet to one who is actually living on the different side of the planet, can send mails round the clock, search information & even buy things online. With this invention of internet there is a shift in traditional way of shopping. Now there is no need to open a physical store. One can be active at any time and place and purchase products and services. The number of users of internet is increasing day by day which means that online shopping is increasing. Various characteristics of online shopping is making it more convenient for the customers, as compared to traditional way of shopping such as the ability to view and purchase goods and
In recent years, technology has become the most used and preferred way of communicating, extending across many platforms. All of these programs, such as e-mail, instant messaging, social networking websites in conjunction with text messaging and the ability to access all of these entities on the go, have come into fruition based on the immense and widely found growth made in technological advancements that have occurred in our society. With this, a massive change has developed in regards to referencing how we as humans engage in communication. We have now shifted into a society that relies heavily on the existence of digital communication, whether it be through the means of a mobile device (text messaging) or the Internet (Facebook, Twitter,