What is Competing internationally GCSE Business?

Описание: What is Competing internationally GCSE Business?
This part of a video series to prepare for the GCSE Business exam.
What is Competing internationally ?
When a business uses the internet and e-commerce.
What is E-commerce ?
E-commerce is any business transaction that takes place using the internet.
Using the internet and e-commerce is becoming essential for businesses that want to expand, such as small businesses. This is because the internet and e-commerce provide easy ways for businesses to gain access to a much wider range of potential customers.

What is an example of e-commerce?
For example, a small clothes shop in Manchester could decide to set up a website and start selling clothes through e-commerce. The owner might also decide to create websites in different languages, to allow overseas customers to understand the information and purchase the shop’s clothes.

What are the Advantages of e-commerce for a growing business include:
open 24/7
cheap to operate compared to physical stores
gives access to a huge range of potential customers
easy to sell to overseas customers
provides access to cost-effective promotional methods, such as social media and email advertisements