The internet is
changing the way business is done worldwide. Everyone from property developers in Hong Kong to banks in Argentina is doing business online. In business-to-business e-commerce,companies use the internet to conduct business with each other.This offers tremendous opportunities for all types of businesses.
For smaller manufactures for buyers anywhere in the world, just for the cost of setting up and maintaining a website.
Today, most banks provide online services to businesses as well as well as to individual customers.
Businesses can now complete bank transactions, such as collection and payments on the web. This avoids an endless paper trail of invoices and receipts,
The internet also gives manufacturers and suppliers greater access to each other . At TSMC, Taiwan's integrated circuit chip manufacturer,buyers use the internet to check manufacturing schedules,inform the company when they need supplies,and follow the order process through the manufacturing cycle. At TSMC ,the company can share important information with its suppliers,transmit orders,and even notify their salespeople on their pagers when an order is ready.
