In what ways have the Internet and ecommerce changed the way

In what ways have the Internet and e-commerce changed the ways companies do business?

Solution

Ans:- This depends greatly on the type of business that you are asking about. For example, the Internet has dramatically changed the way that companies in the music and film industry do business.

For these industries in particular, the Internet has made it much easier for products to be distributed. It has resulted in both legal distribution (Netflix, iTunes) and illegal distribution (file sharing). Both have changed the way that these industries do business. For example, the music industry has gotten away from their emphasis on physical media. They have stopped selling as many CDs and have gone more towards selling downloadable files. This has lost them a fair amount of money and so they have also increased their emphasis on artists\' concerts. This has become a big money-maker for them where tours used to be just a way of promoting an album.

So, in the case of this sort of industry, the fact that their product can easily be distributed over the Internet has changed their way of doing business considerably.