...One advantage about consumer credit is being able to buy something and pay for it latter. A lot of furniture store have consumer credit so that you are able to still buy the merchandise and they basically double their money for the purchase. Now days with the economy like it is a lot of people have to live bigger then they can offered to just to be able to get by. Being able to use consumer credit helps people out a lot so that people are able to buy the product and then pay for it monthly. A lot of people tin the society has a limited income and this gives the chance to be able to buy items and pay when they agree to. There are also disadvantages with using consumer credit such as increase of cost. When you are looking into buying a product there are many things that you should consider such as what the interest rates are, how long will it be before the item is paid off, you should also shop around, will the item(s) last as long as it will take to pay the item off. When going to a place that claims to be the cheapest and that they are able to beat any other competitors prices all ways look into your options sometimes an item is cheaper because it’s made cheap. Also all ways remember that weather you have good or bad credit it’s yours forever and it can be very hard to change no credit to good and bad credit to...
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...in technology and way of life. One of the most significant forces driving this development is the ability to record and deliver information across distances and at rates expanding exponentially. This is also referred to as the information age. Digital technology has changed the economy. The new terminology being used is e-marketing where the primary source of value creation for consumers has shifted from physical goods to services and information. This does not mean that everything we previously knew about business becomes irrelevant and obsolete, but it does mean that significant changes in business environment justify new approaches to thinking of the best marketing strategy and management. In summary E-commerce can be defined as an exchange of goods and services between parties, individuals and organizations as well as the electronically based intra and inter organizational activities that facilitate such exchanges.(Dave.C.,2007,p,4) There are four categories of E-commerce:- a) Business to business b) Business to consumer c) Consumer to business d) Consumer to consumer Most business still carries out the traditional ways of conducting business. This is by having a physical address where they have their products and services and translations are made there. Due to the new dot com community and ways of doing business many businesses have taken up the opportunity of conducting business online. This is because of the benefits brought about by...
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... from consumer based retail sites, through auction or music sites, to business exchanges trading goods and services between corporations. It is currently one of the most important aspects of the Internet to emerge. Ecommerce allows consumers to electronically exchange goods and services with no barriers of time or distance. Electronic commerce has expanded rapidly over the past five years and is predicted to continue at this rate, or even accelerate. In the near future the boundaries between "conventional" and "electronic" commerce will become increasingly blurred as more and more businesses move sections of their operations onto the Internet How does e-commerce work? Because there are hundreds of different products and services for consumers and the multitude of different ways these products and services can be delivered, e-commerce by its nature is varied in the way it works. In its most basic form e-commerce works as follows: Consumers choose a product or service on a website. Consumers pay electronically on the website (online credit card transactions) or using a third party payment provider such as PayPal The business owner or merchant receives the order and payment and the order is fulfilled (delivered by post, booked in for services etc) Making payments online is completed via a secure connection to ensure that sensitive data such as credit card details and personal information are kept private. What are the benefits of e-commerce to the consumer? Over...
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...outcomes of the business. They can affect profit, customers and revenues. Taxation can affect every business in the world including Toys ‘R’ Us. Taxes are collected by national government and local government. Taxation helps the government ti raise revenue and also enables it to discourage various activities and to encourage others. This can include many things such as: cigarettes to discourage smoking or high fuel composition cars to discourage pollution. In March of every year, the government release information about the changes of taxation. Toys ‘R’ Us have to discuss if they are going to make their products more expensive in order to cover lost profit. If not, this can result to them losing their customers and if this continues, the consumers may decide to shop with Tesco’s competitors. Political stability is when a political party is elected to be the next prime minister. One elected, they would start to put their plans in action. These plans are made public so businesses such as Toys ‘R’ Us can use this information provided to prepare for...
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...offer is to help consumers buy products at a very low price and to let many people know about the deals. The businesses feel that this website is a very good tool for marketing promotions as well. Groupon features a daily deal on the best stuff to do, see, eat, and buy in cities across the United States. By promising businesses a minimum number of customers, Groupon can offer deals that aren’t available elsewhere. Groupon brings buyers and sellers together in a fun and collaborative way that offers the consumer an unbeatable deal, and businesses a large number of new customers. To date, it has saved consumers more than $17 million and claims it has generated millions in revenue for the businesses it features. Groupon originated the concept of using collective buying to get a daily deal on local goods and services, and is an outgrowth of ThePoint.com, an online community launched in 2007 for organizing all forms of group action and fund-raising around a “tipping point” of required participants. There is one deal offered each day. A minimum amount of people need to purchase the daily deal. If you accept an offer, once that minimum amount is met, your credit card is charged, and you will be sent an e-mail. The e-mail will include a link to print your Groupon. If the minimum amount is not met, your credit card will not be charged, and you do not get the deal. On average, only about one in 50 deals will fall short. In order to meet the threshold, many consumers are using Twitter...
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...online retail sales raised an average of 11% in the first three months of 2009 (“US Online Sales Up,” 2009). The growth of online sales may due to the growing number of consumers who shop online. In the case of Asia, survey reported 77.6% of Internet users have online shopping experiences in 2003 (as cited in To, Liao & Lin, 2007). Online shopping is very different from traditional shopping. Consumers cannot touch and check the product before purchasing it, which means they are at higher risk of fraud than traditional shopping. Consumers also have other concerns such as credit cards security of online shopping. Then questions should be raised: what is the advantage of online shopping? Why people shop online? In following paragraphs, the advantage of online shopping for the consumer and consumer’s motivation to shop online will ... ... middle of paper ... ...enerates search intention, which in turn generates purchase intention (To et al., 2007). Consumers’ motivations for online shopping are dual characterization. Research claimed that utilitarian motivation can influence consumers’ intention to search and to purchase, while hedonic motivation has a direct impact on intention to search and indirect impact on intention to purchase (To et al., 2007). Online shopping has many advantages which can fit consumers’ needs and motivation. It might be one reason of the rapid growth of online...
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...perspective, e-commerce is the ability to deliver products, services, information, or payments via networks such as the Internet and the World Wide Web. 2. From an interface perspective, e-commerce involves various information and transaction exchanges: business-to-business, business-to-consumer, consumer-to-consumer. 3. From a business perspective, e-commerce includes activities that directly support commerce electronically by means of networked connections. 4. From an online perspective, e-commerce is an electronic environment that makes it possible to buy and sell products, services, and information on the Internet. 5. From a structural perspective, e-commerce involves various media: data, text, web pages, Internet telephony, and internet desktop video. 6. As a market, e-commerce is a worldwide network. A local store can open a Web storefront and find the world at its doorstep-customers, suppliers, competitors, and payment services. E-business: Connecting critical business systems and constituencies directly via the Internet, Extranets, and Intranets. It goes beyond a web site on the Internet to affect all aspects of business, from strategy and process to trading partners and the ultimate consumer. It combines the resources of traditional information systems with the global reach of the Web. E-business enables organizations to accomplish the following goals: 1. Reach new markets. 2. Create new products and services. 3. Build customer...
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...Human Resource Roles and Responsibilities Human resource roles and responsibilities are changing because business trends are changing. Technology, e-business, ethics, and globalization are changing the way companies do business and therefore, the human resource management need to make changes to keep up with the new trends. Globalization and Technology During the past century companies have made changes to the way human resource department’s run. Many companies created jobs overseas, which slowed down the hiring in the United States (Noe, R., Hollenbeck, J., Gerhart, B. & Wright, P., 2004). Companies are finding to survive they must compete in international markets and fend off their competitors. Companies are also outsourcing and offshoring the workload in order to compete and pay employees lower pay. Technology is constantly advancing forward. In today’s business world technology is changing rapidly and human resource department find they need to move with it. These days few companies use paper for job applications now businesses rely on the internet which combines data from several sources into a single site. Shared service centers consolidate different human resource functions into a single location (Noe, et al, 2004). Diversity and E-Business Diversity in the U.S. labor force is growing in racial, ethnic, and gender terms. Many U.S. companies have already committed themselves to ensuring they recognize the diversity of their internal labor force and use it to gain...
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...H-E-B grocery store https://www.heb.com/ fits the category of a non – news organization that utilizes social media feeds alongside traditional media feeds. Mixed media is the best way to describe H-E-B online communication (i.e. identified as a mixture of owned media, paid media shared/social media and earned media). The organization has its own website (owned media pg. 175) that allows the company to have control over information disseminated out to both its internal and external publics (pg. 118). When it comes to paid media (pg. 176), H-E-B paid to have control over 60 seconds of air time during the 2018 super bowl. Its commercial in this case demonstrated corporate advertising (pg. 176) as it promoted its annual contest Quest for Texas...
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...In contemporary American culture, consuming is as authentic as it gets. Advertisements, getting a bargain, garage sales, and credit cards are firmly entrenched pillars of our way of life. We shop on our lunch hours, patronize outlet malls on vacation, and satisfy our latest desires with a late-night click of the mouse. The idea that consumption is private should not, then, be a conversation- stopper. But what should a politics of consumption look like? A right to a decent standard of living. This familiar idea is especially important now because it points us to a fundamental distinction between what people need and what they want. In the not very distant past, this dichotomy was not only well-understood, but the basis of data collection and social policy. Need was a social concept with real force. All that's left now is an economy of desire. This is reflected in polling data. Just over 40 percent of adults earning $50,000 to $100,000 a year, and 27 percent of those earning more than $100,000, agree that "I cannot afford to buy everything I really need." One third and 19 percent, respectively, agree that "I spend nearly all of my money on the basic necessities of life." I believe that our politics would profit from reviving a discourse of need, in which we talk about the material requirements for every person and household to participate fully in society. Of course, there are many ways in which such a right might be enforced: government income transfers or vouchers, direct provision...
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...Joshua Tollison Phase 4 Individual Project MGM310-1204B-01 Bari Courts 23 December 2012 If I were to start an e-business the main thing I would focus on would be functionality of the site and ease to make customers feel comfortable and confident about shopping with my storefront. By this I mean designing a site that gives customers several options for the products they are shopping for; along with that my customers would have access to multiple pictures of every product available, and a detailed description of the item they are interested in. My customers would also be able to compare similar items by their available options and provide a side by side analysis. The main thing for my e-business though would be the superior customer service that is provided to my clients by means of email, live chat, and a customer service hotline if you would prefer to talk to a representative. One of the final details that would make my site superior to others would be a hassle free return policy that even included return shipping for those who need to return their products for any reason. To be able to make this dream come true there are several other factors that I will be discussing throughout this paper as I present my business plan for establishing my storefront. I. E-Commerce Infrastructure Just as brick and mortar companies have an infrastructure to help them succeed in business, so do e-businesses. By having the correct infrastructure in place allows a company to run...
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...Environmental and Consumer Influences Analysis Paper Larry Porter PSY/322 DEC 10, 2012 Juan Bates Abstract This paper looks into the behavior of consumers when influenced socially and culturally. This paper also takes a walk through tax preparation and what may seem to effect the decisions on rather consumers use a specific company over another. Looking into a family owned business “Forrest Tax and Accounting”. This paper outlines some important factors that allow for word of mouth marketing to be used. Environmental and Consumer Influences Analysis Paper In these days it seems that there are just as many Tax preparation offices as there are churches. This may be a little over the edge, but in reality the very important business has seen offices arrive all over in bunches. H&R Block use to be the major hub for individuals to visit to get there taxes done, however with the emerge of technology their seems to be a drop off in the amount of individuals that use their service. There is opportunity for individuals to process their own tax returns via various tax software such as; “turbo tax”. The more user friendly this type of software becomes the more individuals will start using them. H&R Block is even starting to offer products online for individuals to prepare their own tax returns. What’s very ironic is that an accountant is in many ways the same as having your own personal barber and getting a haircut. Now what does that mean? For the most part I believe...
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...knowledge by reading these articles. Before publishing your original articles on this site, please read the following pages: 1. Content Guidelines 2. TOS 3. Privacy Policy 4. Disclaimer 5. Copyright Meaning and Definition of Retailer. The word retailer has been derived from the French word "Retail" which means to sell in small quantities, rather than in gross. A retailer is a person who purchases a variety of goods in small quantities from different wholesalers and sell them to the ultimate consumer. He is the last link in the chain of distribution from the producer to the consumer. Characteristics The followings are some of the essential characteristics of a retailer: He is regarded as the last link in the chain of distribution. He purchases goods in large quantities from the wholesaler and sell in small quantity to the consumer. He deals in general products or a variety of merchandise. He develops personal contact with the consumer. He aims at providing maximum satisfaction to the consumer. He has a limited sphere in the market. Functions Retailers perform a number of functions. These are: The retailer buys a variety of products from the wholesaler or a number of wholesalers. He thus performs two functions like buying of goods and assembling of goods. The...
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...The last three decades have witnessed unprecedented growth in network industries such as video games, computers, credit cards, media, social networking and telecommunications. (Ramon and Francisco, 2009, p.1) The aim of this essay is to provide an understanding of the dynamics of platform completion by analyzing the role of installed base, consumer expectations and platform quality. These factors then help explain a platform’s position, the barriers to entry and the formation of a monopoly in the network market. This essay also focuses on the social media market for Facebook and Google+ and their rise to platform leadership, which is interesting as this is a recent and fascinating new area of research in economics. The remaining of this essay is organized into 3 sections. Section 2 explains the concept of network externalities, differentiates between direct and indirect network externalities, and explains the role of installed base and consumer expectations for products in the network market. The section then goes on to apply these concepts to platform markets to understand platform competition and how using the concept of critical mass a platform rises to dominance. Section 3 discusses some key business strategies applicable to platform markets. Section 4 concludes the analysis by extending a few strategy proposals as to how Google+ may possibly dominate in the social media market, where Facebook is currently dominant. Section 2: Products such as eBay are substantially...
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...To understand how a business affects the economy we must first understand the meaning of what a business is by definition. A business is “an organization or enterprising entity engaged in commercial, industrial or professional activities”. (Investopedia, 2013) A business or firm produces the products or services that consumers need, want, or desire. Most businesses or firms operate for profits, which is “the financial reward that comes from starting and running a business”. (Kelly & McGowen, 2012) When a business is not making a profit they are operating at a loss. This could be due to the amount of funds that a business or firm must cover such as their expenses to produce products or services. If the business or firms expenses are more than the profits, then business or firm is operating at a loss. If a business is running at a loss it could be due to key economical dimensions such as the economical environment, competitive environment, technology environment, social environment, or global environment. How a business or firm deals with these key economical dimensions can make or break them. If the economy is in any way in a fiscal crisis, many consumers can be unemployed or saving their earnings for harder times to come. With the...
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