Business in Internet : a new way to trade

• Main Authors: Goh, Susan Wee Hui, Lee, Hui Ching, Oh, Elizabeth Li Chen
• Other Authors: Ang Beng Wee, Steven
• Format: Final Year Project
• Language: English
• Published: 2013
• Subjects: DRNTU::Business::Accounting
• Online Access: http://hdl.handle.net/10356/51948
• Institution: Nanyang Technological University

With an estimated population of about 30 million people, the Internet often is described as something so new, so different, and so fast growing that it is an irresistible new marketplace for the 21st century. However, as commercialisation has only been recently possible, it still has many flaws. In this report, we attempt to look at legal and practical problems companies encountered and factors that influence them when deciding the methods of dealing on the Internet. As the scope is too wide, we have focused our surveys and interviews on businesses that advertise in Commerce Asia of Singnet. We particularly classify these companies into three different levels of participation. Our study highlights that companies in all the levels are more sensitive to the practical rather than legal problems.