E-commerce increases competition by: erasing geographical boundaries, empowering customers and suppliers, commoditizing new products, etc. How do companies usually solve this problem?"
Answers
Explanation:
bhai tu google se dhund lena......brainy bakwas hai.....wastage of time
Answer:
Gone are those days, when we used, buy movie tickets standing in the long queue in front of the physical ticket counter waiting for our turn to come and sweating under the sun. On contrary we do it with our smartphone through Bookmyshow or Ticketnew app sitting in the comfort of our home or during the lunch break from the office. What Bookmyshow has done to the experience of booking movie tickets, Amazon and Flipkart have done the same in revolutionizing the experience of buying goods online in the same way.
Convenience and ease are two important attributes that they have brought in our life in order to help us with our purchases. Online buying sites be it Amazon, Myntra, Shopclues or Alibaba, they are usually being referred to as e-commerce which throws open a wide array of choices in any product category at our fingertips. It not only eliminates the complication to make a purchase but also gives us the essence of empowerment to browse over different product catalogues, read through the product reviews and user experience followed by an informed decision to be made built around choosing a particular brand with a thorough understanding about how it is going to fulfill my needs.
The significant transition from brick and mortar outlets to virtual e-commerce ecosystem probably epitomizes a paradigm shift towards the inception of the technology-enabled digital marketplace which is no longer restricted within any forbidden lines of geographical confinements. It could be cited as the best example of the liberal economy where a teenage girl sitting in an unnamed province of Nigeria is placing an order of a smartphone which has been assembled in China and dispatched to the girl routed through the logistic hub in India by DHL, the leading global courier service headquartered at the USA. So what we buy today through e-commerce platforms are more global in every rational way that local.