E-Commerce

In: Business and Management

Submitted By 3dwinnnnn
Words 898
Pages 4
Name : Chan Kiat Yee, Tham Tsun Chen
Student ID : 15009442 , 15013998
Course Code : ENG1014
Course Name : English For Business
Assignment : Argumentative Essay
Weightage : 15%
Title of Essay : In your opinion, will e-commerce replace the traditional business transaction within the next ten years? Justify your stand and support your arguments with reasons and examples. You should write between 600 and 650 words.
Instructor : Ms Jane Chai En-Huey

E-commerce (Electronic commerce) is refer to all business transaction happened through electronic platform such as internet. Recent years, e-commerce has expanded rapidly and is believed to continue at this rate of expansion or even accelerate. As the Internet continues to grow exponentially, e-commerce becomes more general in our lifestyle unlike the traditional business transaction. Traditional business transaction can only be conducted in the form of face-to-face which may confront a lot of difficulties like communication and transportation problems. Due to the advancement of technology, business transaction has become easier and faster, thus, speed up the transaction between sellers and buyers. Therefore, it is strongly believed that e-commerce will replace the traditional business transaction within the next ten years. There are some reasons that prove traditional business transaction is replaceable such as lower cost and improvement in customer service.
E-commerce can play an important role in future economy because lower cost is needed to conduct a business through internet than traditional business transaction. The labour cost is reduced because no salesmen are needed in e-commerce. The e-payment can also reduce the paperwork and errors in data entry. Moreover, the advertising cost of the online business is lesser than traditional business as software technology…...

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