Explain the impact the online business has on society
In this part of my assignment I will explain the impact of online business in society as employing, people's life and etc, and what implication in the society will be if a business grows.
The online businesses could have different impact in society. The online businesses can result in different ways to the people out there, for some businesses are profitable for some are not. Even some business bankrupt or close down because of the online businesses, but for some of them they are profitable because they make more sells and bypass the taxes, costs and etc.
If a business grows and start serving in other countries, that will affect a part of the world and the business. The business will have to pay more taxes, shipping additions and etc. They will have to check the rules and regulations and that kind of things, because as I mentioned in my other assignment about risks of online businesses, the product you sell might not be legal in the country you want to sell over internet and that can open many serious problems for the business online, when a business grows the owner of the business should be more careful about their business. It will be good for the business of course, because that means the business is doing very well in selling.
If a business grow, that can be good for the society because it will have more options of products for the people, it might have different products than the usual products. The price of the goods can be different, the quality can be good. There will need some more employees to control the business and that means less people will be without a job.
If a business grows, that can be bad for the society as well because that means if the business is successful, the business in the High Street and Shopping centre will decrease because they can’t afford to have more staff or buy a new product, etc. When a business close down, that affect other businesses as well, businesses