What comes to mind when you hear the word "business"? Business represents a significant life transition for several people. Others believe that a significant investment is necessary for the company to succeed.source picture : pixabay.com
In fact, anyone can conduct business in this day and age in a variety of ways. for instance, conducting business online. Technology appears to provide solutions to many business-related challenges. Technology has made operating an internet business simpler. But what does the term "internet business" actually mean?
Online business is made up of the two words "business" and "online" in its simplest form. A person who engages in business is said to be doing buying and selling in order to make money. Being online entails being online. If one looks closely, one can see that many people are currently engaged in internet commerce, whether it be in the food, fashion, or other sectors.
The core of this notion of online business is that all business concepts and products are distinctive, in high demand, and goods or services that the community needs that we may market online or through other means that are more known to us.
Therefore, anyone can sell any commodity online. However, when selling things online, we are unable to interact in person with clients.
In other words, we can already be referred to as online business people if we simply engage in activities that include selling through online media.
Experts' Understanding of Online Business
- According to Owen : It's a good idea to pay attention to the perspectives of numerous professionals before learning more about what an online business really is. One of the economic authorities who made contributions to online company was the first, according to Owen. A company that interacts with the production and distribution processes is what Owen refers to as an online business. Furthermore, according to Owen, doing business online entails exchanging services for rewards that have been decided upon and agreed upon by both sides. specifically from the producer to the distributor. From the distributor to the consumer in the interim.
- L.R. Dicksee asserts that : L.R. Dicksee is an economist who frequently speaks about economic issues. Taking into account that the study of economics itself is a study of three entities: producers, distributors, and consumers According to L. R. Dicksee, recognizing that business is an activity with a profit or profit as the final goal is essential to conducting internet business.
- As stated by Haney : Even with internet businesses, we can simply locate nearby offline stores. This time, a character by the name of Haney said it. He is one of the many individuals who debate various economic issues. Haney shared his opinions on online business because he believes that, for certain people who are ready to put in the effort, there will eventually be a successful business model. According to Haney, human activity is the source of all new businesses. This process has something to do with how commodities or services are produced. An internet firm's goal is to reap the same advantages as conventional forms of commerce. The emphasis of this method of conducting business, however, is on technology advancements.
- According to Plowman : Plowman is a proponent of online commerce and an economist. Plowman has a perspective that is simple to understand among the various understandings of web business according to specialists. He claims that activities associated with purchasing and selling are the reason why the firm itself exists. This is repeated frequently. It is not a business if it is only performed once.
Comments
Post a Comment