The Impact Of E-Commerce On Small Businesses Essay

Introduction: E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects. This research is looking at the small businesses, and its importance in the market and economy, EC and its benefits and limitation, and what impact has electronic commerce had on the businesses. Small Business: Definition: A small business may is a business with a small number of employees. The definition of small business often different by country and industry, but is generally under one 100 employees in the United States, while under 50 employees in the European Union. These businesses are normally privately owned corporations, partnerships, or sole†¦show more content†¦work force, so they play a very important role in its economy as they offer a big help in the economic growth of the country, and these businesses contribute a lot to the economy by hiring one, two, or more employees, even in the internet based business. Because of their size and need to keep their customers, new businesses are more flexible and respond quickly to changes in the market than many other and established businesses. Small business is an important source of new jobs in many countries, they also hire at a faster rate than big companies especially in the economic recovery times. Many innovations came and started in small business. Nearly all the goods and product that are manufactured by big companies are sold to customers by small companies. (Griffin, 2003) (DoctorEbiz.htm) Advantages of Small Business: • Small businesses can grow with customer needs. Often, they can create products and services that address highly personalized requests at a moments notice. • In case of sole proprietorships they are simple to form, they have the benefit of freedom which is the most important, and also it needs low start up costs. • Tax laws permit them to treat operating expenses and sales revenues as part of their personal finance. • Small businesses can obtain new data from a market, or even a client or two, and dramatically change their business model to align with a new opportunity. • The proper use of technologyShow MoreRelatedThe Impact of E-Commerce on Small Businesses1871 Words   |  8 PagesIntroduction: E- Commerce is a phenomena that is emerging rapidly between businesses all over the world, and it has affected the businesses at all sizes in many aspects. 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