Question

key technological developments such as e-commerce and the impact these developments have now and in the future on domestic and international business.

Answer 1

From past few years, key technological developments have changed the entire picture of domestic and international business. Use of internet, online shopping, easy payment gateways have increased the revenue for companies. Use of internet has made the online shopping easier, faster and cheaper too.

Impact of e-commerce on domestic and international business- There are few points that tell the impact of e-commerce on national and international business:

1. Foreign companies invest into online business. They tie up with the domestic companies and with the collaboration, they sell the goods online. So e-commerce business increases foreign investment that is good for economy.
2. New start ups in e-commerce business provide employment to the people. So it increases employment.
3. People do online shopping sitting at home or office, they can make the payment easily and safely. They get the product on time without going any where so it saves their time and money.
4. Volume of international trade increases because of e-commerce business.