E-Commerce and the New Economy Essay -- Internet Online Communication

E-Commerce and the New EconomyThe electronic network has transformed our global economy. It is a powerful tool that has changed the way we produce, marketplace and distribute goods and services. Finances and culture direct been altered. New styles of commerce fork over developed. For example, a business call placed in North the States could be handled by a technical expert in Asia as business is conducted internationally as well as transnationally. The purpose of this study is to examine the issues, challenges and opportunities related to commerce in the bran-new economy.The lucre became popular in 1995. It creates many opportunities in different kind of industries. Ecommerce is unmatchable of the successful examples of buying and selling on the web. It is like a cocoon, which became originate in these recent years. Low start-up costs make online businesses attractive to new entrepreneurs. Establishing their businesses online notify eliminate store rental expenses they dont harbour to hire anybody to take care of it (Charles Steinfield). They can upload some pictures and descriptions of their products online. This allows their customers to define what they are buying. Moreover, customers can search for their needs whenever they want as unyielding as they have an access to the internet (Charles Steinfield). Because of globalization, the national boundaries are eliminated as well. Customers can make their purchase anywhere around the world. This expands target markets. get products online, customers can ask questions anytime when they encounter any problem or have doubts about what they are buying (Charles Steinfield). Many websites have provided online support services. Buyers can contact sellers directly and discuss their concerns. Therefore, the interaction between b... ...r shopping impart be done at home on the web. This will make society into a new economy.Bibliography1) Donna L. Hoffman, Thomas P. Novak and Patrali Chatterjee, Commercial Sc enarios for the Web Opportunities and Challengeshttp//www.ascusc.org/jcmc/vol1/issue3/hoffman.htmlOwen alumna School of Management, Vanderbilt University2) Charles Steinfield, An introduction to the special issue http//www.ascusc.org/jcmc/vol1/issue3/genintro.htmlMichigan State University3) Rolf T. Wigand and Robert I. Benjamin, electronic Commerce Effects on Electronic Marketshttp//www.ascusc.org /jcmc/vol1/issue3/wigand.htmlSchool of information Studies, siege of Syracuse University4) Nonick Buying online. Is it safe? What are the Dangers of Buying Online? http//www.zyra.org.uk/buysafe.htmZyra5) Straubhaar and LaRose, Media Now Third Edition, Wadsworth, 2002