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Businesses can now communicate within themselves better and to other businesses much faster than before.

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Heloise Parisian

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โˆ™ 2y ago
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โˆ™ 14y ago

Internet has changed the business * in many ways for instance you can just chart and get in contact with the person you want to meet with. * you can also buy and sell through internet .you make all the possible payment through internet if you have bank account * internet makes business more easier internet makes business more easier for you can know the development going on with out going to the place .it saves time in business

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โˆ™ 13y ago

Implementation of internet technologies in every industry has helped remove layers of transactions and shorten the 'distance' between the supplier and the consumer.

For many, this has meant major adjustments in consuming; for business, major adjustments to classic business practices. For example, a business has been able to reduce:

  • People and staff
  • Inventory investments and stocking requirements
  • Challenges involved in dealing with multiple distribution channels

In many ways, some industries have been able to change their business models and become more profitable. Examples here are:

  • Book publishing
  • Music packaging
  • Movie distribution
  • Banking
  • Education
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Wiki User

โˆ™ 14y ago

Positive:

allows businesses to communicate much easier and over long distances or around the world with ease which translates into highly efficient production.

Negative: such easy communication takes away the human aspect where people meat up face to face to talk. emails provide an emotionless way to send messages.

also, with such ease of communication, there are very high security threats. if the competition were to hack the network, it would compromise the business.

another point, with the convince of the internet, companies begin to rely on it so when the computers are down, the business is at a stand still

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โˆ™ 9y ago

The internet has had major impacts on businesses including being able to hold online sign-ups. Businesses are also able to send out information to a lot of people very quickly.

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Wiki User

โˆ™ 12y ago

spell chech your answer

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Q: The impact internet changed business both positively and negatively?
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