The document outlines the significant role of the internet in enhancing business transactions through various means such as fast communication, marketing, and e-commerce. It highlights how online platforms have leveled the playing field for small businesses and emphasizes the importance of localizing products for international markets. Additionally, it discusses the growth of electronic commerce and its reliance on technology for transaction processes.

1. Explain The Role Played in Business Transaction ?
(2013)
CREATED BY
JOHN JOSEPH
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2. Here are different ways in which the internet has contributed to
the success and growth of businesses.
1.Communication: The internet makes communication fast and
cost efficient
2.Growth: The internet plays a big role in the growth of
businesses
3.Marketing: One of the role of internet in business involves
marketing and advertising
4.Networking and Recruiting: Social networking websites play a
role in business networking by connecting like-minded
professionals.

3. 5.Outsourcing services:The internet has helped cut costs by
outsourcing services to countries where it is cheaper to provide
these services.
6.Online Shopping Role: One role of internet in business is the
birth of ecommerce websites and online payment solutions that
allow people to shop online from the comfort of their own homes.
7.New Opportunities: The internet has opened up new business
opportunities and giving rise to a group of successful online
business owners.
8.Tracking : we can track our shipment In logistics field and also
track our indian postal service or courier service through using
internet

4. The following are other examples of current Internet uses:
1. Technical Papers
2. Share Company Information
3. Product Information
4. Advertising
5. Business & Commerce on the Net
6. Magazines
7. Newspapers
8. Employment Ads
9. Country Investment Information

5. As of 2015, business owners and entrepreneurs are spending more on
online advertising and marketing than ever. Social media platforms such as
Facebook, Twitter, YouTube and Pinterest have also become the new online
marketing and advertising avenues for several businesses.
 it has the potential to put small businesses on even footing with some
of the larger businesses without needing access to their resources or
finances.
 it allows businesses to overcome distances and expand their reach with
their current resources. Businesses no longer have to have physical
locations in order to market and sell their products and services.
 Business owners can also set up an export system without having to go
through a network of distributors.
 It's recommended that entrepreneurs who want to sell their products
and services overseas do so with localization services in order to make
sure their goods are a match for overseas markets and to ensure they
are in compliance with international business regulations.
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6. E-commerce
Electronic commerce, commonly written as e
commerce or eCommerce,
 is the trading or facilitation of trading in products or services using
computer networks, such as the Internet or online social networks.
 Electronic commerce draws on technologies such as mobile
commerce, electronic funds transfer, supply chain
management, Internet marketing, online transactionprocessing,
electronic data interchange (EDI), inventory management systems,
and automated data collection systems.
 Modern electronic commerce typically uses the World Wide Web for
at least one part of the transaction's life cycle although it may also
use other technologies such as e-mail.

7. E-commerce businesses may employ some or all of the following:
Online shopping web sites for retail sales direct to consumers
Providing or participating in online marketplaces, which process
third-party business-to-consumer or consumer-to-consumer
sales
Business-to-business buying and selling
Gathering and using demographic data through web contacts
and social media
Business-to-business (B2B) electronic data interchange
Marketing to prospective and established customers by e-mail
or fax (for example, with newsletters)
Engaging in pretail for launching new products and services
Online financial exchanges for currency exchanges or trading
purposes

8. REFERENCES
http://www-cs-students.stanford.edu/
http://www.slideshare.net
http://www.wikepedia.com