How E Business Is Economically Harmful Or Beneficial

Whether e-business is economically harmful or beneficial to businesses has always been a controversial topic. Despite the trend of traditional companies turning their businesses into e-business is uprising, some still tend to not modifying their models. Does it indicate that e-business is more of an economic disadvantage to businesses than it is an advantage? We will have a better look into both sides in this essay. By specifically looking into online shopping, i.e., e-commerce, it can show how e-business changes the operations of businesses. The first online home shopping was made in 1984 by Mrs Snowball in Gateshead, UK via her TV with the aid of a remote control and Videotex. Since then, the method of online shopping has changed a†¦show more content†¦and have been performing well throughout the century until online shopping industry and online music industry bloomed. Since then, they have tried to allow customers purchasing their products online, at the same time providi ng services such as online music streaming and digital download service. By allowing access to such services to the public, it provides benefits to HMV, consumers and even the society. For HMV, they may easily expand their marketplace internationally without the need of having an actual store in every nations. At the same time, costs would have reduced as cost of renting or purchasing a land is avoided and costs on distributing their products are significantly decreased with the aid of digital download service. Also, as they can monitor their stock easily, they may easily restock their products, guarantee that their customers may purchase what they need at most of the time. Moreover, having their business on Internet means that their business is always open, resulting a potential increase in their sales as the exposure of their products has increased; For consumers, they are benefited as they may perform transactions 24 hours a day via Internet, and they will have a much wider variety of products to choose from. Customers may even write reviews or leave comments, sharing their views and experiences of products which they have consumed; For the