Nothing has revolutionized business practices in recent memory as much as e-commerce. With the ability to take care of just about any need or want from the comfort of your own home, it’s bred amazing strides in ingenuity in the business practices of the free market on the Internet. For example, over $150 billion was spent online by consumers in the last year alone, a figure that is only expected to rise. With such an amazing success rate, e-commerce is not only a necessary component for business models but in every MBA student’s education. The success stories and strategies of e-commerce pioneers like Amazon.com and Overstock.com will be taught in future MBA programs for the next generation of entrepreneurs to garner foundations from which to innovate. But beyond the figures of how much business is conducted on the World Wide Web, the following infographic may show you a few things you weren’t quite fully aware of about e-commerce.
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