Economics Solutions Principles and Applications

Question: Examine about the Economics Solutions for Principles and Applications. Answer: Presentation: The procedure by which organizations or different associations create universal impact or begin working on a worldwide scale is called globalization. It is the trade between nations as far as culture, products, sees, thoughts, account, work venture or the development of innovation (Investopedia, 2016). As of late globalization has had its impact in both positive and negative ways for both created just as creating nations. Creating nations like India and China has profited by means of different ways. The transparency between nations with increment in exchange of merchandise and enterprises has helped in boosting the parity of installments which supports financial development in the nations. Being acquainted with new chances, there had been changes in monetary exhibitions in nations, their exchange and political situations, change in belief systems and societies, and so on. Increment in development in these nations has additionally helped in managing destitution with the advantages of exchange being experienced by a greater amount of the mass populace. In any case, truly, globalization has likewise expanded neediness in specific nations or regions in nations causing enhanced disparity like that in Africa and provincial territories of China, which have not had the option to encounter the advantages of globalization. Improvemnets in wellbeing frameworks has caused more noteworthy future rates as expressed by World Bank (2004), 85% of total populace has seen ascend in future rates to over 60 years. Much the same as globalization has come about specialists to think of better logical or clinical answers for sicknesses it has likewise caused spread of illnesses across countries. Then again, it has cause more noteworthy mindfulness too alongside increment sought after for work. As globalization expands creation of products and ventures, it makes a determined interest for more work in this way expanding business. The marvel has additionally made the longing seek after advanced education and get increasingly talented among people improving the human capital of countries. In any case, one of the most basic effects of globalization is on the local ventures. Globalization is an aid for a country in particular if the administration or the country itself receives needful cha nges and strategies alongside the progressions globalization presents. Many created nations like USA and Australia have residential businesses which on confronting the opposition from worldwide markets have experienced globalization. On the off chance that the countries embrace the necessary arrangements and changes to adjust to th financial changes brought about by globalization, at that point it can encounter the benefitial impacts with no obstacles. Despite the fact that in these created nations, globalization has colossally profited as far as exchange and different factos, boosting financial development and pay, however the local enterprises had endured. Turning towards Australia, globalization had made noteworthy commitments to Australias development with its enhancement on the planet advertises however had influenced its household enterprises. One of the parts that endured the most is the auto rationale area of Australia. The car business of the nation had been under impressive insurance from worldwide rivalry for a long time, being probably the most grounded part of the national assembling industry and treasured by the administration. With worldwide exchange, since 1970, the auto intention industry had been confronting colossal rivalry from outside makers alongside its decreased proficiency. Among every single created nation, the most elevated tax of 22% is forced in Australia to ensure its household auto-thought process industry(Ilahi, 2014). The huge Australian firms couldn't contend due to absence of economies of scale with the enormous OECD states like USA and Japan. Makers like the Chrysler, Nissan, VW and British Leyland sto pped creation totally and soon to follow are the large four American firms like Ford, GM/Holden and Toyota and Mitsubishi from Japan (Market watch, 2014). Presently these consequences for the business by globalization has made Australia force high duties to keep off rivalry from local industry which has influenced the economy in the accompanying manners: Duty expanded the expense of merchandise and ventures to the customers and diminished the national salary. With the development of the business secured by duty includes greater work and venture. Be that as it may, the entirety of this happens in a wasteful segment of the economy. Abundance benefits earned by makers secured under duty draw in further ventures heading out speculations from the productive segments which needn't bother with insurance. Levy alone is supposed to be not influencing in helping an industry develop and is supposed to be just followed for newborn child businesses which have possibilities of developing all alone in the more extended run. After the subsequent World War, the constructive outcome of duty to secure the developing assembling industry was transitory for Australia as productive businesses confronted absence of speculations. Subsequently we see that vital microeconomic and macroeconomic changes should be taken by the Australian government to ensure its household industry without pushing off the advantages of globalization. Exorbitant assurance of the local business offered ascend to driving off assets to wasteful segments causing the proficient segments to endure. Subsequently, globalization is totally valuable for Australia and ought to be upheld however real change and strategy measures ought to likewise be received to alter with the monetary changes brought about by Australia. Globalization has profited the world in a few different ways with expanding send out interest, contributing assets through imports, helping in changing political situations with exchange understandings between countries, and so forth. The present promotion capital record enhancements had helped the GDP development of all countries opening up to the world market. In the event that we think about the worldwide economy as a more extensive point of view, at that point the victors had been Asian nations like Malaysia, Singapore, South Korea, India, China or nations like Australia or USA who all have encountered more noteworthy monetary development because of globalization though nations like Africa had ended up being washouts experiencing the impacts of globalization or not had the option to encounter the total advantages from the marvel. Portions of Eastern Europe or sub Saharan Africa had likewise not profited much alongside the Islamic area (Harris, 2002). With respect to Australia there had been an area of increases just as misfortunes which we list as follows: Increases: Fortifying of mechanical base with rebuilt capital markets, cutting edge innovation and a greater amount of fare markets. Increment in GDP per individual positioning Australia has the fourth most elevated. Proportion of fares ascending from 15 to 20% (Downer, 2003) Higher expectations for everyday comforts and ascend in genuine pay with monetary development Misfortunes: Work redistributing to low pursued nations diminished the wages of untalented laborers. Incompetent laborers from customary businesses had likewise been jobless because of closed down of the ventures on confronting rivalry (Market Watch, 2014) Overwhelming businesses and assembling plants experienced because of rivalry universal markets (Royer, 2014) The nation is additionally confronting developing imbalances with the expanding globalization since the 1980s. In 1996 the 72% of the countries riches was the top generally 20% of the populace with the top half holding 98.4% of the riches, thus not forgetting about enough for the staying half. The law of interest applies to all products and ventures and comparably to food as well. The law of interest expresses that with ascend in cost of a specific item the purchaser would request less of that item which suggests that the general interest of the item would fall. In such cases both replacement and salary impacts happen. There happens both a salary impact and replacement impact in the event of food as well. With ascend in cost of certain food items, buyers buying power falls which resembles a negative salary impact, shopper decrease their utilization of that specific item and move to different substitutes or other products(Varian, 2010). This shows, how the law of interest applies to food as well. According to the replacement impact, when cost of a specific sort of food ascends inside the assorted division of food items, shoppers move from that specific food item to some other food item. For instance, with ascend in cost of fish, customers may move to the utilization of more meat or chicken (Pindyck et al, 2009). As the cost of tea rises, customers would expend a greater amount of espresso or with ascend in cost of meat buyers may move to fish or more vegetables or even eggs. In the event that there happens any adjustments in a purchasers pay which influences the interest for a specific item then that is a pay impact. At the point when the cost of food rises, customers feel less fortunate with the accessible cash close by this resembles a negative pay impact. At the end of the day the buying intensity of customers falls. For example, in the event that there happens an ascent in cost of a specific food item, at that point the customers buying power for that specific food item falls and that demonstrations like a negative salary impact (Mankiw, 2007). This likewise suggests the way that food demonstrations like an ordinary decent. Much the same as all other ordinary merchandise, with ascend in salary, a customer would devour a greater amount of food and tight clamp versa. Lodging costs are firmly identified with land costs. The developing area costs have been a significant purpose behind the expanding lodging costs. Presently, in the event that we think about a business opportunity for an item, at that point its cost is commonly dictated by the interest and flexibly conditions in the market. Similar holds for land as well. The flexibly and request variables of land decide its costs. Utilization of land is subject to the state of land whether it is created or non-created and subsequently the expense of building up the land for making it usable likewise decides its gracefully.

Theory Based Character Description free essay sample

The structure of Jenny’s life starts with her convictions, ethics, objectives and abilities of progress all through her lifetime. Right off the bat throughout everyday life, she appeared to have dreams and objectives for what's to come. She wanted to be an entertainer, artist, lyricist and performer. Lamentably, those desires were obliterated when she rather turned into a naked model and stripper, which executed her school profession when she was removed. She debased herself and would never recuperate the sense of pride and regard from others that she lost from doing that. There are numerous models for a mind-blowing duration that she apparently set herself up for disappointment, as she gets into undesirable, harsh connections, and depends intensely on medications, liquor and an existence of wantonness. Jenny never finished her fantasies or settled on mindful choices. Her standards and measures changed as her environmental factors did. She settled on numerous terrible decisions that drove her down an existence of demolition. The Social Cognitive procedure is shown all through the move as we watch her battle throughout everyday life. We will compose a custom paper test on Hypothesis Based Character Description or on the other hand any comparative subject explicitly for you Don't WasteYour Time Recruit WRITER Just 13.90/page As Forrest turns out to be progressively fruitful in many things he does. She respects him so much and profoundly thinks about him as a companion. They stay in contact in secondary school and intermittently all through life. She connects during a portion of her increasingly urgent occasions or runs into him as destiny would have it. Forrest requests that Jenny wed him, in any case, she answers, â€Å"You don’t need to wed me†. I guess that she thinks about her life to his and in this way feels underneath him, and that he merits superior to herself. He answers that he might be dumb however he comprehends what love is and in actuality wants to be with her. Soon thereafter she slips into his room and they have intercourse. Promptly in the first part of the day nonetheless, she leaves without a word. It is conceivable that she sensed that she committed an error and would not like to drag him down with her. Her development and advancement was exhibited as her social learning aptitudes were created all through life through perception. After her mom passed on, there was nobody to shield her and her sisters from her alcoholic dad that explicitly attacked them. She is then impacted by the counter Vietnam war protestors she gets associated with during her life as a radical. The immediate contact with a few outrageous activists and other negative gatherings lead her into a progressively negative slant. As she lives on, she keeps on settling on horrendous choices. She turns into an undeniably improper individual, and is loaded up with very low confidence and profound despondency. Jenny doesn't exhibit self-adequacy. She slides down a tricky slant of denying her actual torment and anguish. She flees from her apprehensions and emotions and goes out into the universe of obliteration to endeavor to get away from quite a while ago. She relies upon the earth she is in to decide her future, objectives, and qualities. As the film flashes all through a few unique situations, Jenny survives, one-thing stays reliable, and she looks for the capacity to overlook the past. She wouldn't like to manage it in this way, she utilizes sex, drugs, radical perspectives and way of life with trusts it will occupy her from the frightening truth of her history. At long last, Jenny reviews Forest to meet so she can acquaint him with his child. It is at exactly that point that she gets worried about herself, just as her son’s prosperity. For probably the first time, she really needs to improve from them. She chose to wed Forrest and set her youngster up for a genuine case of a sound relational peculiarity. It doesn't show up Jenny at any point managed her past, her emotions, and the basic issues that caused her distress. She did in any case, at long last feel genuine love before she died. She comprehended what it felt like to be genuinely thought about; something she never thought was conceivable. Attribute Theory Jenny’s character characteristics change for an incredible duration. She was not reliable from adolescence to adulthood. As a kid, she was caring, mindful and liberal. As she matured, she turned out to be progressively anxious, frightened and uncertain of her environmental factors. As she moves into late pre-adulthood and early adulthood, she harbors the equivalent dreadful disposition and chooses to flee, meander and travel with trusts a finding another personality. All through life, she stays in affection with Forest yet doesn't adore herself, along these lines can't acknowledge his adoration consequently. Her character qualities desire an absence of comprehension of why she encountered such agonizing things at such a youthful age. She never got love from her dad, yet was rather manhandled genuinely, sincerely and explicitly. This injury made her powerlessness know love, get adore or comprehend that unlimited love really exists. We realize that her mom kicked the bucket when Jenny was only 5 years of age. We don't, notwithstanding, know why. This may likewise have impacted her development and advancement. We do realize that her dad has some extraordinary emotional wellness issues because of his maltreatment towards his girls just as the liquor utilization. As her condition changes all through life, so does her character qualities. She keeps on running from one circumstance to more awful on the grounds that she isn't managing the genuine basic issues. She at last races to drugs in an outrageous distress to free her memory of the torment of the past. The Big Five Trait Factor Scale shows up as follows: Openness: Very High †Jenny is an innovative, curious, creative and offbeat. Principles: High †Before her life finished, in the wake of having a youngster, she at long last figured out how to settle on the most mindful choice for herself and her kid. Extraversion: High †Jenny needed to consistently have somebody in her organization, regardless of whether it be Forrest or male organization as beau, male customers or her radical companions. She discovers joy in being social. Pleasantness: Very High †Jenny is at last a caring hearted and supportive individual with great intensions. Neuroticism: Very High †Jenny is exceptionally unreliable. This is the explanation she skips starting with one spot then onto the next so frequently. This is the reason she totally submits to men and picks those that treat her with a similar lack of respect her dad one did. There is no proper model of progress in Jenny’s life. Her qualities basically change all through the film as she seeks after the assignment of fleeing to get herself and eradicate the past. She finishes the pattern of the one sweet, kind and liberal Jenny as a kid, to an existence of self-loathing and decimation, at that point back to apparently solid character attributes of a cherishing, caring individual. In the wake of having a youngster, at that point discovering that she is wiped out and kicking the bucket, she at last faces reality and figures out how to cherish, acknowledge and grasp love and harmony.

Written Samples of Time Management Essay for Frontier DNP Program

<h1>Written Samples of Time Management Essay for Frontier DNP Program</h1><p>You might need to compose an examples of time the executives article for Frontier DNP Program. Albeit a few projects offer courses that are focused toward understudies with no conventional training in the executives, it tends to be valuable to take a course that has an alternate core interest. This can permit you to investigate how to utilize time adequately and find out about the regions of the executives you might want to learn at a progressed level.</p><p></p><p>If you have worries about dealing with your time, you should realize that you don't have to have a four year certification in the executives so as to compose an examples of time the board exposition for Frontier DNP Program. There are a few things you should realize when composing such a piece. To start with, you should engage in some field of work that requires a great deal of time. For instance, you coul d partake in a temporary job or get a new line of work that requires a ton of time the executives skills.</p><p></p><p>You will discover numerous examples of time the board papers for DNP Program on the web. These are generally centered around an encounter inside the program, or a prologue to the course. Since the program has an emphasis on self-coordinated learning, the example will likewise incorporate data about the individual's very own life. You may wish to consider your loved ones when composing a period the board exposition for Frontier DNP Program.</p><p></p><p>The educational plan vitae is regularly the primary thing you should submit. It depends on how well you perform during your DNP course. After you have presented your educational plan vitae, you should consider the quantity of focuses you should give the counselor before the remainder of the prerequisites are approved.</p><p></p><p>One of the advan tages of requiring some investment the executives at a propelled level is that you will find out about time the board. Your choices will be founded more on what you realized instead of what you read. What's more, you will probably gain proficiency with a great deal about your own needs and the needs of others around you.</p><p></p><p>Because you may require significant investment the board courses at a propelled level, guarantee that you comprehend the basic ideas you will concentrate in the courses. A portion of the materials that you will require incorporate articles and reports. You will likewise need to search for related materials online.</p><p></p><p>It is imperative to take tests of time the executives paper for Frontier DNP Program on the off chance that you have worries about dealing with your time. You will discover many composed articles and contextual investigations online that will assist you with building up a comprehensi on of the course. On the off chance that you have not effectively done as such, you should search for tests in books, magazines, and obviously on the web. Requiring some investment the executives courses at a propelled level can assist you with building up the aptitudes you should be effective in the workplace.</p>

E-Commerce - A Complete Guide

E-Commerce - A Complete Guide Electronic commerce or e-commerce is the process of buying and selling between businesses and consumers without a physical store, usually through an electronic medium. Often, this term refers to the internet as a marketplace but the term can also refer to retail activity through any electronic method. The technologies that support e-commerce include e-commerce or mobile commerce, electronic transfer of funds, internet marketing, electronic data interchange, inventory management systems, and online transaction processing among others. © Shutterstock.com | EllagrinIn this article, we will look at e-commerce basics such as, 1) what is e-commerce?, 2) making the e-commerce decision, 3) designing an e-store, 4) other e-store considerations, and the 5) pros and cons of e-commerce.WHAT IS E-COMMERCE? E-commerce can be successfully leveraged by businesses to create the sales aspect of their enterprise. It can be an effective market entry strategy for companies that do not have an established physical retail location.Categories of E-commerceThere are three categories of e-commerce depending on who is involved in the process. These are:B2B â€" Business to Business: When both the buyer and the seller are business entities, then their transaction is called business to business commerce. Entities such as manufacturers, traders, retailers come within this category.B2C â€" Business to Consumer: As in any traditional retail situation, a B2C model involves a business selling to an end user through an electronic medium.C2C â€" Co nsumer to Consumer: E-commerce has helped revived a version of the barter system where consumers are able to sell each other items that they own. Online auction sites and advertising portals are examples of this type of e-commerce.Types of E-commerce Activities Under the e-commerce umbrella there exist a variety of activities. These include:Online Shopping: A prevalent example of e-commerce is shopping via the internet. Virtual stores are created online, often boasting more variety of choices than are available at physical stores. There are also stores that exist only online, and benefit from the lack of investment into physical infrastructure.Electronic Payments: Payment systems for utility bills, phone, cable and internet bills, as well as online shopping are an important aspect of e-commerce. Here, security needs to be ensured regarding credit card and personal information.Virtual Auctions: One version of e-commerce is the online auction popularized by eBay. These websites offer customers the benefit of selling to others at the best possible price.Internet Banking: E-commerce has allowed many people to forego frequent visits to the bank and instead perform their regular banking activities online via secure banking services.Online Ticketi ng: Ticketing for almost all types of activities is now done online. This include travel ticketing such as air travel, bus and trains, as well as tickets for entertainment and sports events. This allows people to avoid queues and just go on the day of the event.Distribution ModesAs mentioned earlier, there are different ways in which e-commerce retailers offer their services. These can be defined as the pure-click, bricks-and-clicks and click-to-brick retailers.Pure-Click: These are retailers which only sell through an online location and have no physical storefronts.Bricks-and-Clicks: These are retailers that have both physical and virtual store locations.Click-to-Brick: These are retailers who began as online stores but eventually expanded to a physical location as a supplement to their online enterprise.What is E-Commerce? MAKING THE E-COMMERCE DECISIONBefore deciding to venture into an e-commerce business, it is a good idea to ask some basic questions to help establish readiness . Though this is not an exhaustive list but it does offer a good starting point for entrepreneurs.The Basic QuestionsIf you have an existing business, does it suffer from internet competition?Do customers ask for your website information?Do competitors or similar products have an online retail presence?The Logistics QuestionDo you have the resources to run a shipping operation?Do you have access to a storage and shipping area?If not, can it be acquired for a manageable cost?Will there be a need for additional staff to handle shipping?Creating a Web PresenceWill you use an existing platform to list products or create your own website?If using an existing platform, which model works best for you?If setting up your own platform, does the cost make business sense?Will you hire a professional to develop the website?ShippingWhat shipping mode will you use?Do the shipping costs and costs of shipping materials make business sense?Will you offer free shipping and absorb the cost?DESIGNING AN E-STOREThere are many benefits to creating an independent website that is not part of an existing platform. It allows the business owner more control over the mechanics of the shop as well as its appearance. There is better opportunities to create a unique brand presence.Develop Your Business Model or IdeaYou may be starting from the very beginning or trying to give an online presence to an existing. In any case, it becomes necessary to be clear on what will be sold, how it will be sold, who the customer will be and what the mechanics of the operation will be.Identify the product: Some products work well online as the decision to buy them can be made by viewing them online and using the information provided. Others may need to be examined in person before a transaction can happen. In any case, details such as shipping, inventory storage, product variety and the mechanics of creating the product to meet demand are some key areas to clarify.Identify a Niche: Even if you are clear abo ut the product you will sell and how it will be sold, it is important to be able to differentiate it from others in the market. The customer needs to have an incentive to choose your product from among the many others available in the market, both online and offline. Perhaps you can offer better product quality than the others. Or the product can offer a unique take on solving a problem. There may be special expertise than you can share or you can have a seamless buying experience.Test Market: It is a good idea to sell the product at a small store on an existing platform such as ETSY or ebay to gauge the level of enthusiasm and the overall response to the product. This will also help understand who is buying the product and how much are they willing to pay.Create a Sound Business Plan: With the first few steps complete, it is imperative to create a thorough business plan to ensure that all the steps are planned in detail. It will also help convince possible investors that you are pr epared and ready. Important elements should be the production costs, details of production, shipping costs and structure, taxes, labor costs, and e-store related costs.Acquire Website BasicsBefore a website can be designed, there is groundwork to be laid out. This includes decisions on the following areas:A Domain NameA Web HostA dedicated IP AddressA Private SSL CertificateA Shopping Cart ScriptA Payment Gateway (PayPal, Checkout etc)Setup WebsiteOnce the basics are setup, it is now time to develop the website and its customer interface. To begin, it is a good idea to finalize homepages as well as other static pages such as information about the company, contact pages and FAQ sections. For design, it may be a good idea to hire a web designer to ensure that the product is showcased on the best possible way and that the customers find it easy to navigate and order.Though it is often tempting to make a website too catchy, flashy and complicated, it is a better idea to keep it clean an d simple. The easier it is to navigate and find the right information, the higher the likelihood of a browsing customer turning into a paying one. There will also be more chances of repeat customers. The website should have cohesive fonts and pleasing colors and very few clicks necessary to get to checkout.It is also a good idea to have an option for customers to sign up for alerts and offers. This creates a link to the customers and allows the business to keep itself visible.Setup E-commerce Software and Merchant AccountThis step is necessary in order to allow customers to securely make purchases after viewing products online. The chosen software will save customer information, both personal and financial. In some cases, this same software can also be used to send emails to customers. Whichever software is chosen will impact user experience so it is a good idea to carefully research this step.There will also need to be an account setup with a bank to allow customers to use credit c ards. Banks are often an expensive option and a less pricey alternative is a payment gateway such as PayPal.Setup a Maintenance ScheduleIt is necessary to monitor the online shop and its reports to keep an eye on how things are going. There may be a need to update software at the backend to keep up with improvements as well as continue to improve user experience and fix bugs.Building an E-Commerce Business Startups Uncensored 11 OTHER IMPORTANT E-STORE CONSIDERATIONSDoes Your Website need a Blog?Often, websites are accompanied by a blog. Blogs should only be undertaken however, if there is enough time to update it regularly with material of interest and relevance. There are benefits to such an arrangement including:A Channel of Communication: A blog will allow a place where positive conversation can be initiated with current and potential clients. It allows an insight into consumer thought and trends.Credibility: A blog can allow an entrepreneur a platform to showcase their knowled ge and expertise and therefore create credibility.A Sense of Community: Interaction through a blog can create a sense of community within customers which is something people cherish.Human Element: Often, people respond better to brands when they can place a face alongside. Blogging allows a personal repertoire to be established and a personal brand narrative to be created.Better Search Engine Ranking: Blogs have a better chance of showing up during web searches than plain e-commerce sites. The original content in a blog is more likely to be picked up than similar supplier data that is usually found on e-stores.Search Engine Optimization © Flickr | Paloma GómezStrategies and tactics to increase website traffic are known as search engine optimization or SEO. SEO helps a website get placed higher in a search engine’s results page. SEO helps a website become searchable by using both technical tasks to allow search engines to find and index the site for the right keywords and marketing tasks to make the site appealing.Monitor Rankings: Use tools to keep an eye on your current rankings.Keywords: Appropriate keywords should be used in all areas of the website including headings, content, website address, and images. In fact, describing images are a great SEO tactic. Keywords should be considered search terms but be wary of putting in too many of them. This may flag you as a spammer and the website could be ignored for keyword-stuffing.Link Back to Yourself: Linking back to own pages or archives help SEO activities as the more pages that point to a page, the higher the chances of it showing up in initial search results. Sitemaps: Sitemaps that list all the content inside a website make it easy for search engines to scan and index the website, this increasing chances of search result success.Relevant URLs: If the right keywords appear in the URLs, it makes the website more search engine friendly.Avoid Flash: Although Flash looks good, it does not add to search engine friendliness.Describe Images: Images cannot be searched. So if there are words in an image or it is relevant to keywords, it will not be seen by search engines. A good idea to fix this problem is to add image descriptions, and try to use relevant words in them.Keep Content Fresh: The more updated the content is the more chances of it pulling in customers. Website blogs can help with this aspect.Social Media: If links to content on the website are shared repeatedly on different social media outlets, it works towards increasing search engine results and customer views.Link to Others: By developing relationships with relevant websites and blogs, you can link to them thereby creating more visibility. This should be done with relevant sites which enjoy good reputations otherwise this tactic may end up doing more harm than good.E-COMMERCE PROS AND CONSThere are some clear advantages and disadvantages of using e-commerce to sell your product. There are also some less clear ones that can serve as both an advantage and disadvantage. These pros and cons are listed below.Advantages of E-commerceThere is no need to wait in lines.There is ease of access to stores that may be further away or even overseas. This can be especially useful for consumers in a rural locations.There is no need to set up and invest in a physical store.There are many options available, both in terms of competitors and variety of products offered by each of them.There is no store timing restrictions and customers can shop 24 hours a day.Internet commerce has allowed customers various platforms to sell to each other which is a valuable benefit.In the case of digital items, the purchase is instant and there is no need to wait for delivery.There is unlimited space to sell as many items as a storage locations can hold. This means more variety than a physical store location.Disadvantages of E-commerceThere needs to be relatively fast and reliable internet service.There also need to be a device that can allow access to the store such as a smartphone or a laptop.The shopping experience can be somewhat impersonal and clinical.There is no way to experience a product before purchase. The luxury of touching and feeling the item is taken away.There is the ever present threat of credit card theft and fraud.In the case of physical goods, the customer has to wait to receive their purchased items.This is often confusion in terms of regulations as taxation as the buyer and seller may be in different locations that have different taxation mechanisms.Both Advantage and DisadvantageEasily available coupons and deals are both a pro and a con as this be comes a pro and an expectation by the customer and it draws them back again. On the other hand, it is a con because this comes at a cost to the seller.Easy price comparisons are a pro and a con because this can either draw a customer to the business or filter the business out in a price based search.In today’s world, there is usually no choice for a business when it comes to online presence. With demanding customers and increased competition, online stores allow businesses to reach new customers in faraway locations and in many cases save costs on physical storefronts.The Future Of Ecommerce | Ask A VC Image credit:  Flickr | Paloma Gómez under Attribution-ShareAlike 2.0 Generic.