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Advantages of Ecommerce Industry

The first systems and methods of e-commerce appeared due to the emergence of automation sales technology and introduction of automated enterprise resource management systems. In 1960, American Airlines and IBM began to create an automation system of backup procedure of places on the flights. SABRE system has made air travel more accessible to ordinary passengers, helping them navigate the tariffs and flights. Due to the automating process of calculating tariffs the cost of services to reserve seats has decreased and the passenger traffic has increased. A joint project of American Airlines and IBM is one of the first examples of e-commerce.

The most dynamically e-commerce market has been developing for the past 20 years due to rapid growth of the number of internet users, an increase in the influence of social networks, and other interactive online platforms. The dynamic development of electronic payment systems and the transition of the leading players in the market to new technological platforms for e-commerce influenced the growth of e-commerce.

Consumers and commercial firms use e-commerce to be informed about available goods and services, prices and conditions of sale, which allows them to make the necessary purchase with the most favorable terms. E-commerce provides marketing services to suppliers in real time and enables them to do transactions without opening representative offices or hiring foreign agents. Fast and guaranteed delivery allows wholesale and retail trade to reduce the range of the required reserves. And this, in turn, helps companies reduce their costs.

The advantages of e-commerce as such, compared to the traditional business are the following:

  • Reduction of sellers’ costs due to the following: savings on renting office space and optimization of storage spaces, savings on staff salaries, etc. Accordingly, the establishment of lower prices than in traditional trade.
  • The costs of full-scale presentation of goods, advertising, sales promotion, etc. are much higher for the seller in the internet, but the costs for such actions are significantly lower than offline.
  • The buyer gets lower prices, the possible elimination of the search costs (or simply the facilitation of the search), and what is more important, especially for large cities, is huge time savings.
  • Both the seller and the buyer are provided with specialized, structured, and targeted information on product availability, prices nomenclature, possibilities of suppliers, and alternative options of transactions.

The first systems and methods of e-commerce appeared due to the emergence of automation sales technology and introduction of automated enterprise resource management systems. In 1960, American Airlines and IBM began to create an automation system of backup procedure of places on the flights.

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Assignment ID
100002333
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CREATED ON
October 18, 2016
COMPLETED ON
October 19, 2016
Price
$41
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