The Rise of E-commerce

E-commerce, or electronic commerce, refers to the buying and selling of goods and services over the internet. It has grown significantly in recent years and has become a major part of the global economy. Several factors have contributed to this rise. Firstly, the increasing availability of internet access across the world has allowed more people to participate in online shopping. Secondly, improvements in online security and payment systems have increased consumer confidence. If these trends continue, e-commerce will likely become even more dominant. While traditional retail stores are still important, they are increasingly having to compete with online platforms. It is predicted that companies which adapt to this change and integrate online sales into their business model will have a greater chance of success. Furthermore, the development of mobile e-commerce, using smartphones and tablets, has added another layer of convenience for consumers. The ease of access and global reach that e-commerce provides has fundamentally reshaped how businesses operate and how consumers shop.

Câu hỏi luyện tập

1. According to the passage, what is the primary definition of e-commerce?

2. What has added 'another layer of convenience' for consumers, as mentioned in the passage?

3. According to the text, what is predicted for companies that adapt to the changing market?

4. Name one of the factors that 'has allowed more people to participate in online shopping' according to the passage.

5. The passage mentions that e-commerce 'has become a major part of the global economy'. What has also contributed to consumer confidence?

6. What will companies need to do to increase their chance of success?

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