New technologies, in particular the Internet has changed the world we live in. Undoubtedly, these advances plays a prominent role in global trade and commerce. It has modified and transformed the lives of consumer. Many people believe that traditional way of doing business will still dominate. However, others believe that technology will continue to play a major role in trade. In this essay both the sides will be analysed. Without a doubt it can be said that shopping on the Internet is very convenient. Almost all the sites provide quick, easy and hassle free shopping experience and free delivery of products. In addition to that, they provide lot of different payment options like cash on delivery and net banking. Moreover discounts and promotions offer variety of choice to shoppers. For example, companies like Snapdeal and Amazon regularly advertise about their new deals. In fact, this ease of buying and selling is proof that day by day increasing number of people are purchasing online and such companies are growing strengths to strengths. On the other hand, many people are skeptical about the trade on the Internet. Firstly, because its reach is limited to the people who are literate and have access to electronic gadgets. Secondly many people like to purchase after thoroughly verifying the product. The prefer to have look and feel and evaluate quality of product. For instance, clothes and shoes are generally purchased from traditional brick and mortar shops where a trial can be taken. Therefore it is difficult to refute the theory that with new advancement traditional commerce will phase out. To summarize, it is evident that with widespread use of the Internet consumer behavior has changed over the years. Although everything can be purchased online, people will prefer to check product physically. May be in years to come new cutting edge technologies will bring more changes in the way commerce is conducted.
New
technologies,
in particular
the Internet has
changed
the world we
live
in.
Undoubtedly
, these advances plays a prominent role in global trade and commerce. It has modified and transformed the
lives
of consumer.
Many
people
believe that traditional way of doing business will
still
dominate.
However
, others believe that technology will continue to play a major role in trade. In this essay both the sides will be
analysed
. Without a doubt it can
be said
that shopping on the Internet is
very
convenient. Almost all the sites provide quick, easy and hassle free shopping experience and free delivery of
products
.
In addition
to that, they provide
lot of
different
payment options like cash on delivery and net banking.
Moreover
discounts and promotions offer variety of choice to shoppers.
For example
,
companies
like
Snapdeal
and Amazon
regularly
advertise about their
new
deals. In fact, this
ease
of buying and selling is proof that day by day increasing number of
people
are purchasing online and such
companies
are growing strengths to strengths.
On the other hand
,
many
people
are skeptical about the trade on the Internet.
Firstly
,
because
its reach
is limited
to the
people
who are literate and have access to electronic gadgets.
Secondly
many
people
like to
purchase
after
thoroughly
verifying the
product
.
The prefer
to have look and feel and evaluate quality of
product
.
For instance
, clothes and shoes are
generally
purchased
from traditional brick and mortar shops where a trial can
be taken
.
Therefore
it is difficult to refute the theory that with
new
advancement traditional commerce will phase out.
To summarize
, it is evident that with widespread
use
of the Internet consumer behavior has
changed
over the years. Although everything can be
purchased
online,
people
will prefer to
check
product
physically
. May
be
in years to
come
new
cutting edge technologies will bring more
changes
in the way commerce
is conducted
.