e-commerce is becoming increasingly successful and now worth over $22 Trillion.
At Beauty City International we understand how important it is to get you and your brand noticed.
We’re pleased to announce that very soon you will be able to list and sell through your Beauty City International listing. Our listing business platform will be busy promoting you, your business along with your goods and services.
Sales enquiries will be sent direct to you and your business, giving you control.
Current research has shown that e-commerce has had a significant impact on markets and retailers. Find out more further below from one of the latest articles through Wikipedia.
We are currently accepting business listings to be pre-approved for our shopping platform, planned to be launched Autumn / Fall 2017 – email your business details to: firstname.lastname@example.org
Impact on markets and retailers
Economists have theorized that e-commerce ought to lead to intensified price competition, as it increases consumers’ ability to gather information about products and prices. Research by four economists at the University of Chicago has found that the growth of online shopping has also affected industry structure in two areas that have seen significant growth in e-commerce, bookshops and travel agencies. Generally, larger firms are able to use economies of scale and offer lower prices. The lone exception to this pattern has been the very smallest category of bookseller, shops with between one and four employees, which appear to have withstood the trend. Depending on the category, e-commerce may shift the switching costs—procedural, relational, and financial—experienced by customers.
Individual or business involved in e-commerce whether buyers or sellers rely on Internet-based technology in order to accomplish their transactions. e-commerce is recognized for its ability to allow business to communicate and to form transaction anytime and anyplace. Whether an individual is in the US or overseas, business can be conducted through the internet. The power of e-commerce allows geophysical barriers to disappear, making all consumers and businesses on earth potential customers and suppliers. Thus, switching barriers and switching costs may shift. eBay is a good example of e-commerce business individuals and businesses are able to post their items and sell them around the globe.
In e-commerce activities, supply chain and logistics are two most crucial factors need to be considered. Typically, cross-border logistics need about few weeks time round[clarification needed]. Based on this low efficiency of the supply chain service, customer satisfaction will be greatly reduced. Some researcher stated that combining e-commerce competence and IT setup could well enhance company’s overall business worth. Other researcher stated that e-commerce need to consider the establishment of warehouse centers in foreign countries, to create high efficiency of the logistics system, not only improve customers’ satisfaction, but also can improve customers’ loyalty.[weaseFollow Us!