Today,the Internet is changing; the way business transactions are conducted. It is empowering both consumers and businesses by providing expanding markets and choices to not only national,but also international communities.It brings more competition in products and prices and it encourages change and improvement,given its ability to provide information and comparative choices.
Putting up a website to promote and display products;and attracting online shoppers to look around at the products,however,are only one way of conducting business via the Internet. To realize the true potential of electronic commerce,an effective method of receiving payment for products which are sold or delivered through the Internet is a necessity. This is the focus of current Internet-related research. While it is currently possible to buy things over the Internet,this form of commerce has not yet gained enough popularity. It has great potential.
While nobody is certain what the future will bring,we do know that the Internet recognizes no national borders. Electronic commerce is global in nature,so the Internet can't help but dramatically increase international business. The ever-changing technology in electronic commerce and the introduction of new hardware,software,and service technology force businesses to quickly adjust their basic business strategies. Companies who want to participate in the worldwide electronic commerce revolution must adapt their electronic service capabilities and products to the requirements of the electronic commerce marketplace.
One result of e-commerce is more competition in products and prices.( )