A look into the effects of e-commerce in today's business society

A Look into The Effects of E-commerce in Today’s Business Society

I. Introduction

· The first few paragraphs of the story will define what e-commerce is, give a brief summary of the topic, and describe its importance to society. Additionally, the types of e-commerce models will be listed and explained (mainly B2B and B2C), and examples will also be provided for each model.

· Summary: The establishment of e-commerce has made trading goods and services so much easier. With new age technology, businesses can now showcase their wide range of products for consumers to purchase with the click of a button. However, the transaction between producer and consumer is not the only form of e-commerce that exists. There are 6 main branches that businesses categorize themselves into with e-commerce; Business-to-consumer (B2C), Business-to-Business (B2B), Consumer-to-Consumer (C2C), Consumer-to-Business (C2B), Business-to-Administration (B2A), and Consumer-to-Administration (C2A).

· Thesis: The development of e-commerce has encouraged major impacts that transformed the business world into something new, and those effects are primarily felt by the businesses, consumers, and economies of today.

II. Body

· From A Business Perspective

1. Growth: Business Scale-up & Consumer Increase

2. Cost Reductions

3. Consumer Data Insights & Drawbacks in Customer Service

· From A Consumer Perspective

1. Convenience: Less time, money, and energy spent when buying.

2. Instantaneous Purchases: Wide ranges of goods & services to choose from.

3. Limited Opportunities to Test or Try-on Products.

· From An Economic Perspective

1. Economic Boosts to Society: Inflation & Increased Productivity

2. Economic impacts: First-world Countries vs. Developing Countries

3. Flourishing Impacts in Economic Crisis (Covid-19)

III. Conclusion

· 1-2 paragraphs will be used to summarize the main points discussed in the essay

· Thoughts about the future of e-commerce in society and recommendations moving forward will also be included in the closing remarks.

Working Bibliography

1. Taher, Ghada

E-Commerce: Advantages and Limitations

International Journal of Academic Research in Accounting Finance and Management Sciences February 2021, vol. 11 no. 1,

Pp. 153-165. (15p.)

https://hrmars.com/papers_submitted/8987/e-commerce-advantages-and-limitations.pdf

2. Scott-Briggs, Angela

The Impact of E-commerce and how it has Empowered Customers

https://techbullion.com/impact-e-commerce-empowered-customers/

May 19, 2017

Assesed 23/09/2020

3. Dragomir, Luiza

The Role Of E-commerce For Consumers And The Business Environment During The Covid-19 Pandemic

Annals of “Constantin Brancusi” University of Targu-Jiu. Economy Series 2021, vol 1. no. 2,

Pp. 399-346. (15p.)

4. Svobodová, Zuzana, and Jaroslava, Rajchlová.

Strategic Behavior of E-Commerce Businesses in Online Industry of Electronics from a Customer Perspective.

Administrative Sciences (2076-3387) December 2020, vol. 10 no. 4,

Pp. 78

5. Goranova, Penka

Personal Sales and e-Business.

Varna, Economic Sciences Series August 2019, vol. 8 no. 2,

Pp. 163–170.