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Theoretical analysis of e-commerce in global economic market in terms of benefits and disadvantageous

  • He, Xiaoqiang (School of Economics and Management, Chongqing Creation Vocational) ;
  • Li, Jialing (College of Engineering Management, Nueva Ecija University of Science and Technology) ;
  • Hani, Ibrahim Rasool (Department of Business Administration, Mustaqbal University College) ;
  • Nhu, B.N. (Institute of Research and Development, Duy Tan University) ;
  • Assilzadeh, H. (Department of Biomaterials, Saveetha Dental College and Hospital, Saveetha Institute of Medical and Technical Sciences) ;
  • Ali, H. Elhosiny (Advanced Functional Materials & Optoelectronic Laboratory (AFMOL), Department of Physics, Faculty of Science, King Khalid University) ;
  • Elattar, Samia (Department of Industrial and Systems Engineering, College of Engineering, Princess Nourah Bint Abdulrahman University)
  • Received : 2020.09.10
  • Accepted : 2022.10.12
  • Published : 2022.11.25
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Abstract

Through the examination of literatures, electronic commerce is a subject which is accepted in enterprises to define e-commerce adoption, trends, and issues that are assisting and obstructing its efficacy. E-commerce offers numerous advantages to consumer satisfaction in any place and helps the company to get a competitive benefit over its competitors. The Internet has expanded the scope of business. Many business information is available by the global network that supports information gathering between organizations, businesses and their clients, while various divisions of a business is increasing at an exponential rate. Meanwhile, there are a few barriers to proper e-commerce usage and adoption, such as reliable internet connections, poor e-commerce supporting infrastructures, logistics systems presenting socio-regulatory and poor transportation barriers and demonstrating the significant improvement of e-commerce reliable and affordable Internet provisions, i.e., Internet cost, intensity, and reasonable level of e-readiness. The operational and strategic significance of information-based virtual value chains for all organizations cannot be emphasized. As a consequence, this study confirms worldwide market elements of e-commerce, such as its issues, benefits, relevance, scope, facilitators and projects prospective obstacles in a developing economy.

Keywords

Acknowledgement

The authors express their appreciation to the Deanship of Scientific Research at King Khalid University, Saudi Arabia, for funding this work through research groups program under grant number R.G.P.1/88/43. This work was supported by Al-Mustaqbal University College Grant number = MUC-G -0322.

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