This webinar is an introductory lecture on ecommerce, focusing on the market size of the internet, the benefits of ecommerce, methods and the challenges. From the webinar, it is clear that all age groups are now on the internet, and it forms a good market for products.
In the past, barter system involving exchange of goods and services for other goods and services was problematic because the information about the product and the product itself were not separable. The internet can now separate information about the product from the product, so a buyer does not have to go to the shop to look at the product to get information about it. It is now easier to check images and descriptions about the product from the internet.
What this webinar is trying to say is that the internet has made access to information and business exchanges easier and less costly. These changes have been enhanced by globalization and strengthened by the monetary system. Some of the e-commerce platforms include social media, Amazon and email. They enable people to pass information through the internet about products, and get people to buy products across the world.
Webinar Link: https://www.youtube.com/watch?v=wLodQ67LwiE
