How does online shopping influence the existing economic situation?
Now is the time for companies to decide online. Factors like reduced customer numbers, higher fuel cost, higher numbers of people shopping online compel companies to develop their online presence. Consumers are also driven to shop online because buying your goods online is less expensive than spending on gas and going to shops. An article from April 2011 states that UK consumers prefer to use e-commerce sites when they enjoy shopping as petrol prices rise progressively. A study by the Institute of Grocery Distribution found that 52% of UK consumers will decrease shopping trips if gas prices keep on rising. Instead of driving to shopping malls, people choose to use the neighbourhood shops, or buy their food and luxury by shopping online. 33 percent of the study respondents said online shopping is their alternative to withstand the high gas costs. Based on these results, many sites present people with shopping opportunities online. An exa...