Wal-Mart and the Current E-commerce Industry

The reliable E-commerce Industry: A brief overviewIn our very coetaneous society we live in a world that?s pr atomic number 53 to change and uncertainty. This society is where many businesses, from small entrepreneurs to subtlety medium sized firms to giant corporations have found various(a) shipway to run their business in a to a greater extent in force(p) manner to enhance profitability. By today?s standards the several(prenominal) preferable alternative is by implementing an electronic business broaden as part of their existing business activities. E-business or electronic commerce is defined as ?the process of buying, selling, or exchanging products, services, or information via computer networks.? (Turban, 2008) With the Internet, it?s evidently one of the master(prenominal) factors to germinate business. It has taken the world we knew that contained different geographic segments and alter it into one global market. Approximately a decade past the digital ma rket was valued at $195 billion and grew to 3.6 one gm million in 2004 (Department of Justice). Evidently approximately 80% of moolah generated via the digital market ar generated by business-to-business electronic commerce. (Turban, 2008) On the Internet, organizations and retailers privy create websites that supplies information for current potential stakeholders: customers, investors, suppliers, distributors, manufacturers, members, etc?The Current Online retail Industry: An OverviewMany businesses chose to sell their products online whether physical or digital.

By doing this they be expanding their geograp hical reach, expanding the customer base, re! duction in improve and bud spring up items costs, and being available 24/7/365. However some businesses both adopted a physical retail repositing and an online retail presence. Like Walmart, these businesses are known as ?bricks and clicks?. ?The bricks and clicks case has typically been used by traditional retailers who have colossal logistics and supply chains. Part of the rationality for its success is that it is far easier for a traditional retailer to piece an online presence than it... If you want to get a full essay, determine it on our website: BestEssayCheap.com

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