Tuesday, July 14, 2015

Impact of the Internet on Business

Twenty years ago, a business put advertisement in the local papers and they are joining a lots of local networking organization with the hope that customers will recognize their business especially the goods and services that they are selling. But when the Internet came in the Industry all of their old selling techniques has changed. A business is no longer dependent on its local customer based for its survival, its has a worldwide audience for its goods and services. But then, there is also a changes in the competition, it is no longer localized but it has now competition worldwide.

What do you think are the other changes and Impact of the Internet in the Business Companies? And how do you think the internet lessen the cost and labor of the business owner and such employees in the company?

3 comments:

  1. As the dynamic environment and progression of technology continuously change, the business sectors also seeks for another way of introducing their product/services and to make it more profitable and productive. One of their way is using Internet. Internet is very essential with the business that seeks for a high volume of sales and progression. Internet allows every business organization to introduce their product any time and any where. Some of the benefits was easier access - in just one click you can view and browse anything that you were looking for. Time and Money saving, you can just simply sit down and browse. And also, it can lessen the cost and labor of business in a way that they can provide easy access to customer service representative. When customer wants to ask a certain question or likes to talk to some agents, business can provide a list of numbers or email address of representatives and their names on the website so they could be contacted easily.

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  2. Internet helps with the advertisement. Posting ads on a social media, renting an ad space in some websites. Its just a few changes that happened since the boomong of the internet.

    About the lessening the cost, rather than printing fliers you can just post it online. The cost may be the same but the effectivity rate is at a large gap.

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  3. Internet helps the small business to compete in the larger organization.

    Owners can use internet to reduce business costs. Internet helps automate back office functions, such as record keeping, accounting and payroll. They can also use technology to create secure environments for maintaining sensitive business or consumer information.

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