How has the business environment transferred during last decade?
Answers
During the last decade, the business environment has transferred because of the demand of global products and technologies that caused the globalization and forced the organizations of a particular country to enhance the existing business operations capability and serve the global customers. On the other hand, the changes in employment laws and shifting of the view of organization from the profits of shareholders towards the profits of societies have also made in last decade that was not only affected the domestic environment of a country but also influenced the global business scenario. Answer 2: The concepts behind the emergence of the e-Commerce are to use the Internet facilities and reach that marketplace, which are beyond the target. It was also emerged because it facilitated the organizations to target global customers with existing resources that were not possible with traditional marketing process. Followings are some advantages of e-Commerce that are given below: Reduce operation cost Offer low cost products and hold competency power Face competition in market by adding new customers regularly Increase annual sales and reach new market place without spending huge cost But, it has also various challenges that are the security of online transactions from online fraud, customer privacy breaching issues, leakage of important information such as design, quality and price of products along with the dependability on technology. These may affect the strength of an.
Answer:
Explanation:
The business environment transferred during last decade:
1) Transformed into online modes from offline mode.
2) Reduced paper work.
3) Reduce in cash payment and online methods are in . For example: UPI, Paytm banks.
4) Commencement of More number of start ups.
5) Change in the laws and rules of entry and exit of the firms.
6) Competitions are increasing day by day.