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E-Business Paper

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Submitted By Riley12
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E-Business Paper
Julie Prater
ACC/340
March 07, 2016
Joyce Williams

E-Business Paper Electronic business (e-business) allows businesses to use the Internet to buy and sell merchandise, provide services, and process payments. The ability to shop online offers numerous advantages, limitations, and risks for the average consumer. Traditional brick and mortar establishments have found tremendous growth and sales potential following today’s technological advances. Walmart is an example of a retail chain that has found success and growth potential offering online shopping and services to its consumer. E-Business and Walmart Sam Walton built today’s largest retail chain on one simple strategy: “provide the lowest prices, anytime, anywhere (Walmart, Inc., 2016). Walmart’s first store opened in Rogers, Arkansas in 1962 as a small five and dime retail shop. Walmart became a publicly traded company by the early 1970’s and officially was listed on the New York Stock Exchange. Entering the 1980’s, Walmart’s sales topped $1 billion and computerized point-of-sale systems were installed in stores enabling fast and accurate checkout experiences for its customers (Walmart, Inc., 2016). Walmart launched the largest private satellite communication system in the United States, connecting the company's operations through voice, data and video communication (Walmart, Inc., 2016). In the early 1990’s Walmart entered the global market opening its first stores on foreign soil in Mexico, soon to be followed by Canada, China, Japan, and the United Kingdom (Walmart, Inc., 2016). The start of the new millennium introduced Walmart.Com. Walmart.com utilizes the internet to offer an online shopping experience for its customers. By the later part of 2000, Walmart.com added the Site to Store service for its online

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