Economic development and e-commerce

According to the most recent E-Stats report from the U.S. Census, retail consumers in the United States spent $145 billion online in 2009. However, that represents only 4.0 percent of total U.S. 2009 retail sales of $3.6 trillion. QUESTION: In 2009, U.S. manufacturing shipments totaled $4.4 trillion. What percentage of the $4.4 trillion in manufacturing […]

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E-Commerce Returns

Borders, the second largest bookstore chain in the country, was unable to compete with online competitors and is in the midst of a going-out-of-business sale. Facebook recently announced that it has more than 750 million active users. Sometimes it seems that the internet’s primary functions are shopping, networking, and email. That is not the case. […]

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The Biggest Box: Wal-Mart 2009 E-Commerce Sales

About 4 percent of all retail sales are completed online. In 2009, consumers purchased $143 billion in retail goods from businesses online. According to the most recent Wal-Mart Annual Report, what were total U.S. sales for Wal-Mart (including Sam’s) for the 12 months ending January 31, 2010? A. $26 million B. $26 billion C. $268 […]

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E-Commerce III: Business-to-Business E-commerce in 2008

According to the U.S. Census Bureau E –Stats, business-to-consumer (B-to-C) online sales (goods and services) totaled $288 billion in 2008. Businesses also sell to other businesses. Business-to business (B-to-B) e-commerce has increased dramatically over the past few years as businesses find new, effective, cost efficient ways to use tine internet. B-to-B e-commerce more than doubled […]

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E-Commerce II: Consumer Spending Online in 2008

In 2008, consumers spent $142 billion online on retail goods in the U.S. However, consumers are not only purchasing books, computers, and clothing online. They are also purchasing an increasing number of services online (i.e. air travel, lodging, and stock brokerage services). For example, 23 percent of all consumers spending on travel arrangements and reservations […]

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E-Commerce I: Online Retail Sales in 2009

In 2009, consumers purchased $143 billion in retail goods online from U.S. businesses. That compares to $27 billion in online retail in 2000. Online retail sales include purchases from online only retailers like Amazon and traditional retail companies like Barnes and Nobel and Best Buy that also sell online. What percentage of total retail sales […]

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