Internet shopping is the high street store doomed Coursework

Internet shopping is the high street store doomed - Coursework Example The use of the Internet for purchasing goods and services has enormous potential. The Internet enables consumers to shop or do transactions 24 hours a day, all year around from almost any location. It also provides consumers more choices and allows them to have quick comparisons. Moreover, it allows consumers to interact, exchange ideas, and to compare experiences with other customers in the electronic communities. Though the Internet offers a range of advantages that collectively have been shown to be important enough to attract massive interest, recent surveys demonstrated that the penetration rate of Internet shopping remains low. According to online industry body Interactive Media Retail Group, internet shopping sales rose from 300m in 1999 to 14.5bn in 20041. This trend looks set to continue. According to market analysts Verdict, online shopping was the quickest growing retail sector last year2. In fact, the shift away from the high street has even extended to shopping through television, with an explosion in the numbers of television shopping channels. Internet shopping is more than just being able to buy CDs and DVDs. People who shop online are able to do their food shopping online and have it delivered to their home. They also buy products like holidays, insurance and investments at cheaper prices than the high street. Shopping online brings many benefits which the high street is unable to bring, including: Choice - Online shopping offers easy access to a wider range of products than the high street, and consumers are able to shop around more easily for best deals. Convenience - Online shopping can save time and items can be delivered at the doorstep. Value for money - Many companies offer free delivery and often... Amazon.com (NASDAQ: AMZN) seems to sell just about every possible category of retail goods under the sun these days, as the venerable online e-tailer has expanded from books only to car parts, electronics, groceries and even pet supplied. With that said, most of these categories are products. Well, how about services Why doesn't Amazon.com sell them Or at least, allow third parties to sell services at the website of the world's largest online retail shopping site (Blogging stocks). The use of the Internet for purchasing goods and services has enormous potential. The Internet enables consumers to shop or do transactions 24 hours a day, all year around from almost any location. It also provides consumers more choices and allows them to have quick comparisons. Moreover, it allows consumers to interact, exchange ideas, and to compare experiences with other customers in the electronic communities. Though the Internet offers a range of advantages that collectively have been shown to be important enough to attract massive interest, recent surveys demonstrated that the penetration rate of Internet shopping remains low. It is a common practice of people to trust what they see physically and distrust everything that appears to be virtual with the fear of losing money and satisfaction. The following are the various aspects of high street stores and people buying them: Shopping used to be