The internet and technology in general has changed the world over the last few decades. The internet is such a strong tool and especially for small businesses. The internet has changed they we are able to purchase and sell merchandise
business
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The internet and technology in general has changed the world over the last few decades. The internet is such a strong tool and especially for small businesses. The internet has changed they we are able to purchase and sell merchandise. Think about how it was 80 years ago. People would have to physically travel to markets if they wanted to sell their product. Now almost every retail store has their product available for purchase on line.
According to an article written Gorge Root, “One of the more significant effects that the Internet has on global markets for small business is the ability for small businesses to reach an international audience for a very low cost” Root III, 2016). Root is saying we can now sell and buy internationally because of the internet and e-commerce. Another advantage that we now have is we can shop online any time of the day. According to an article written by Chris Christopher, “Buyers and sellers that engage in e-commerce retail trade are no longer restricted by store hours, geographic marketing areas, or catalog mailing lists.
With a few simple clicks they can gain access to a variety of goods 24 hours a day, seven days a week” (Christopher, 2011). This ability to send and receive products has revolutionized the systems development process in a very positive way. According to an article entitled E-commerce and Its Impact on Operations Management, “Electronic commerce (EC) is possibly the most promising application of informationtechnology witnessed in recent years. It is revolutionizing supply-chain management and has enormous potential for manufacturing, retail and service operations (Gunasekaran, Marri, McGaughey & Nebhwani, 2002). Knowing all this I would do my best to use technology to my advantage. For instance, if I were selling a product I would really harp on online sales. Reference: Chrisopher Jr., Chris G. (2011). The Economic Impact of E-commerce. Supply Chain Quarterly. Accessed 2 September 2016.
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