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Essay / Research Paper Abstract
9 pages in length. Examining the trends and forces that drive e-business, one immediately finds how the clear advantage of online commerce is the ease with which the merchant can reach out to the consumer. Three traditional business environments that have been revolutionized into e-business environments in response to changes in technology, society and markets include banking, retail and education. Bibliography lists 10 sources.
9 pages (~225 words per page)
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Unformatted sample text from the term paper:
In effect, the retailer has set up shop in a singular location that everyone worldwide can access. No longer is time or location a barrier when it comes to
finding ones niche market, inasmuch as the Internet has opened up an entirely new marketing tactic. To be sure, merchants are not the only ones to benefit from e-business;
by allowing people to buy items from the comfort of their own homes and offices - be it books or automobiles - online commerce has made it possible for busy
people to address their purchasing needs at their convenience. Three traditional business environments that have been revolutionized into e-business environments in response to changes in technology, society and markets
include banking, retail and education. II. BANKING Technology is making it increasingly easier for people to live, and the banking industry is
just one sector of commerce where beating the clock and waiting in long lines are becoming a thing of the past. There is no question that the concept of
Electronic Funds Transfer, which has been in the works for over twenty years, has taken a stronghold upon society with its incredible ease and convenience. The object of the
whole system is to one day completely eliminate the use of cash and paper checks, rendering all retail transactions totally paperless. To be sure, there are a number of
advantages to such a system, not the least of which is the potential for fewer robberies and avoiding the requisite paper trail of ones transactions. While it can be argued
how extraordinary technological advances have certainly "facilitated development of inexpensive, safe, electronic retail payments" (Osterberg et al, 1998, p. 1), the average consumer remains wary of a completely paperless society.