Impacts Globalization on the E-Commerce Assignment

Impacts Globalization on the E-Commerce - Assignment Example Globalization has thereby evolved overtime posing a significant impact on geographical scope, cross-national intensity, and local and national economy (â€Å"Globalization 101†.) As a businessman in the U.S, I have been able to enter the market of China by establishing three online stores to operate there. The aim of international integration with China is to expand my online store business that already exists in New York City. The stores consist of several unique items starting from furniture, mattresses and table linens to a variety of cosmetics. Other services include a vast selection of excellent clothing for both men and women of high-quality brands such as epic threads, style and co, and American Rag. In addition, they offer various collections of world’s top boutiques with high-quality labels such as Calvin Klein, DKNY, Hugo Boss, Donna Karan, and Giorgio Armani. However, although several customers walk in the stores for purchasing of products, most of them are limited by distance and, therefore, rely on online purchase methods which are highly dependent on the internet system. Improvement in telecommunication networks and increased use of the i nternet are two main globalization features which have, therefore, contributed to my success in the market (Dua 244). One of the major impacts of globalization on the online stores is the enhancement of e-commerce. E-commerce is the purchasing and selling of goods and services by customers and businesses through an electronic medium, in the absence of any paper documents (Lakshmi).Through e-commerce, it has become easier for the stores to carry out product display, ordering procedures, and payment and delivery procedures. Customers accessing the stores’ website are able to view the lists of goods offered, the location of the stores, and the catalog on each product.