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Gfc

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Gfc

  1. 1. Global Financial Crisis Grapes Team SP2 2010
  2. 2. Grapes Team SP2 2010 The increase in Internet adoption and usage can be attributed to the effect of the Global Financial Crisis (GFC).  Global Financial Crisis and Internet Commerce
  3. 3. Grapes Team SP2 2010 “ Consumers have begun to look to cut costs in whichever way they can, and this means trawling the net for the lowest prices and best value” (Euromonitor International, 2008). Global Financial Crisis and Internet Commerce
  4. 4. Grapes Team SP2 2010 Although retailers have moved from bricks-and-mortar to online shopping facilities, the Internet has seen a trend towards comparison sites and discount retailers (Euromonitor International, 2008). Global Financial Crisis and Internet Commerce
  5. 5. Grapes Team SP2 2010 “ On-line price comparison sites allow on-line consumers to see lists of prices for specific products” (Euromonitor International, 2008). Global Financial Crisis and Internet Commerce
  6. 6. Grapes Team SP2 2010 <ul><li>E-commerce has offered consumers </li></ul><ul><li>convenience , </li></ul><ul><li>a wider choice of products, and </li></ul><ul><li>competitive prices </li></ul><ul><li>Even after many markets have recovered from GFC, consumers seek out the best deals on-line, even when they had more money to spend (Euromonitor International, 2008). </li></ul>Global Financial Crisis and Internet Commerce

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