E Commerce And The Electronic Shopping Industry - 1108 Words

This business would be part of the electronic shopping and mail-order houses industry as transactions between this business and consumers would require the use of information technology such as a computer network or through a phone network. The goods purchased would need to be delivered by mail or courier that were retailed through catalogue showrooms on the internet. Our business will specifically be providing groceries through the internet on a website. Attractive characteristics of the electronic shopping industry: E-Commerce in Canada is a billion dollar industry The electronic shopping industry is developing with great interest due to technological advances as business develop new ways to attract and retain consumers on their platforms E-Commerce is concentrated in electronic shopping and mail-order houses as over three quarters of e-commerce sales (Retail e-commerce sales by store type in 2012 from Statistic Canada) In the graph above, it shows that electronic shopping and mail-order houses is dominating the retail e-commerce sales with 40.6% in 2012. Consumers are preferring to establishments that retails multiple products when purchasing goods and services on the internet. This would be fit for our business as we plan to retail different types of groceries and have them transported. Growth Rate The growth rate in the electronic shopping industry is growing at a fast pace as businesses research and develop ways to offer products and services that are convenientShow MoreRelatedImpact Of Electronic Commerce On Physical Stores891 Words   |  4 Pagesof electronic commerce to physical stores, it is necessary to look at e-commerce development brought opportunities and challenges on physical stores. In order to obtain real results, first of all, There is a comparison e-commerce and physical stores, And then analyze the electronic commerce brought opportunities and challenges on physical stores. Advantages of electronic commerce With the accelerated pace of life, some people do not have much time to go shopping, but they have shopping needsRead MoreResearch Journals on One Way Anova Test785 Words   |  4 PagesE-Commerce Electronic commerce, commonly known as  e-commerce consists of the buying and selling of  products  or  services  over electronic systems such as the Internet and other  computer networks. Electronic commerce is generally considered to be the sales aspect of  e-business. It also consists of the exchange of data to facilitate the financingRead MoreE Commerce : A New Model1460 Words   |  6 Pagesexperimenting with downloadable games, and electronic currency such as Bitcoin are growing in popularity. In this increasingly electronic world, digital will eventually become more abundant, and just as society progresses, so must businesses adapt a new model: e-commerce. E-commerce has been around since the advent of the Internet, and many consumers acknowledge the convenience e-commerce provides. E-commerce is a great model for not only current Internet shopping, but also the future economy where mostRead MoreE Commerce1203 Words   |  5 PagesElectronic commerce, commonly known as e-commerce, is a type of industry where buying and selling of product or service is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draw s on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. 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N (2002), it is a trendy expression that web based business performed in the right on time to the center of the 1990s and quickly turned into a typical term in the business and scholastic world. Internet business (Electronic trade) implies working business electronicallyRead MoreAdvantages And Disadvantages Of E-Commerce899 Words   |  4 PagesThe Internet has undergone a revolutionary reform in industry, changing the manufacturing sector and trading methods in China. It has brought new opportunities and challenges to traditional physical industries. Digital electronic products have accelerated the popularity of the network and changed consumer behaviour. According to Statista - The Statistics Portal the Penetration rate of online shopping in China from 2006 to 2016 was rising every year, the statistic shows around 28.1 percent of internetRead MoreOverview of Electronic Commerce in China Essay1629 Words   |  7 Pages3.2 Overview of Electronic Commerce in China 3.2.1 Internet in China In September 1987, the Chinese Academic Network built the first domestic Internet e-mail node and sent out the first e-mail from China. The universities were the first Chinese institutions to connect to the Internet. In 1990, a number of Chinese universities and educational institute including the Ministry of Education were connected. But substantial growth of Internet was not occurred until year 1994, when the National ComputingRead MorePoters Five Forces Model E-Commerce1348 Words   |  6 PagesFIVE COMPETITIVE FORCES OF INDUSTRY Michael Porter has postulated that the intensity of competition in an industry is determined by its underlying economic structure1. And he further contends as we saw above, that the industry structure is shaped by five basic competitive forces: the threat of new entrances into the industry, the bargaining power of suppliers to the industry, the threat of substitute products or services, the bargaining power of customers or buyers, and the Rivalry among ExistingRead MoreE Commerce Is A Process Of Buying Essay956 Words   |  4 PagesFuture of E-Commerce E-commerce is a process of buying, selling, transferring, or exchanging products, services, and/or information via electronic transactions. These business transactions occur either business-to-business, business-to-consumer, consumer-to-consumer or consumer-to-business. E-Commerce is swiftly growing throughout the years with the development in Internet and innovation. The gigantic development of virtual groups - individuals getting together in ad hoc groups online - guarantees