Topic > Essay on Online Shopping - 537

Online shopping is one of the most used words in the business world. It is very common in developing and developed countries. Now virtual store, market space are very commonly used words. In Australia, online shopping has grown very quickly over the last five years. Over the past decade there has been a dramatic shift in how consumers have changed the way they shop. Although consumers continue to purchase from a physical store, they feel very convenient to shop online as it frees the customer from personally visiting the store, online shopping has many advantages such as saving the consumer's time and energy while purchasing. In Australia the economy is growing very fast and the consumer purchasing pattern has changed. The people of Australia are now using the Internet for economic transactions and this trend is growing very rapidly. Internet-based shopping is growing very rapidly all over the world. In 2012, U.S. retail sales were $320 billion, up 18% from the previous year, and the Internet now influences 27% of total retail sales. By 2014, it ...