Local e-commerce transactions in the Philippines reached 1 billion pesos annually in the early 2000s, and were projected to reach 20 billion pesos by 2004 if growth continued. E-commerce provides advantages for businesses like increased accessibility and convenience for customers anywhere in the world. It enhances traditional business transactions by reducing the time and effort for both companies and customers. Engaging in e-commerce can help businesses establish good relationships with consumers and achieve their sales goals.
Local e-commerce transactions in the Philippines reached 1 billion pesos annually in the early 2000s, and were projected to reach 20 billion pesos by 2004 if growth continued. E-commerce provides advantages for businesses like increased accessibility and convenience for customers anywhere in the world. It enhances traditional business transactions by reducing the time and effort for both companies and customers. Engaging in e-commerce can help businesses establish good relationships with consumers and achieve their sales goals.
Local e-commerce transactions in the Philippines reached 1 billion pesos annually in the early 2000s, and were projected to reach 20 billion pesos by 2004 if growth continued. E-commerce provides advantages for businesses like increased accessibility and convenience for customers anywhere in the world. It enhances traditional business transactions by reducing the time and effort for both companies and customers. Engaging in e-commerce can help businesses establish good relationships with consumers and achieve their sales goals.
In the Philippines, e-commerce is largely used for bank-to-bank e/change by
major shops and international organizations. A number of Business-to-customer have emerged through the years such as auctions, online shopping, and online banking (Lacson, 2016) This just demonstrates that, with 16 percent of the population utilizing the internet, Filipino firms enjoy this new possibility to sell items. This new marketing method will assist not just large corporations, but also small enterprises that cannot afford to advertise their goods. Simply by constructing a website at a little cost, the business will expand in terms of sales and the company's image will improve.
As Filipinos entered the 21st century, local e-commerce transaction reached
Php 1 billion. It shows that there's at least one billion transaction sales growth annually. If this trend continues, figures can reach up to Php 20 billion as more businesses conduct online transactions. If significant economic growth takes place in the next 10 years, these estimates may even double or triple (Toral, 2004)
E-commerce has become a standard method of providing distributed
information to many different platforms. It is being implemented by a growing number of companies to be more completive incorporate world. All companies need to make a step forward towards anew technology. To be able to compete with the global market, e-commerce was a good answer (Lanvin & Maggarqul, 2006)
Businesses that engage in electronic commerce (e-commerce) have been
found to acquire a competitive advantage in terms of accessibility, convenience, and availability in the field of marketing. People all around the world have access to the internet, therefore customers are no longer restricted to the store's immediate neighborhood. Anyone, at any time, can visit the business without difficulty. The user may pick things and purchase them without going to the store directly by exploring the store. E-commerce proves to enhance the way usual business transactions occur and helps lessen the time and effort consumed by the company and customers as well (Deanna and Fritz, 2006). With these, a good relationship with their consumers will be established and their objective of increasing their sales will be achieved (Kim and Katherine, 2004)
Through internet, e-commerce offers a simplified approach in business deals
and gives a new option for selling and buying the company's products and at the same time not only selling and buying of products but also advertising the site. (Roso and Navarro, 2006). Because the items are available on the internet, they have a greater possibility of being seen by potential buyers, which may lead to a purchase. It is the most cost-effective form of promotion when compared to certain sponsored ads, and it is simple to execute for even tiny firms.
T7 B18 AAL QFR Responses FDR - AA - Condon-Forsyth Document Request Responses (See SD B1 Airlines and DM B1 Airlines For Different Red Actions and Additional Material) 554