New Opportunities in the Online Marketplace - 1900 Words

There are always new opportunities to build our rapidly changing market economy that leaves no one behind. Markets use these opportunities to create an atmosphere of ambition between individuals to exceed one another and in turn generate a more dynamic, self sufficient economy. However, leading more toward a market economy there are greater responsibilities held on many retailer’s shoulders. The market place has grown so much that it is not just actual â€Å"professionals† exchanging/selling goods and services to consumers, but also people that are not necessarily a professional in a business through online markets. When discussing about online markets, many sellers use the advantage of the internet to increase revenues. We use online markets mainly to benefit both the buyer and seller in many ways. One specific benefit that they both find very favorable to them is the fact that there is no sales tax involved in the transactions made in certain online market systems. A mazon, E-bay, and other retailer websites that operate under this certain online market system do not collect sales taxes from customers. The only reason for the exemption of collecting and remitting of sales tax to the state in which they execute a sale in, is that they do not have a physical presence â€Å"nexus† in states where they sell their product to their online customers. This starts to become an issue to traditional businesses that have to collect and remit sales taxes to the state and also the state itself.Show MoreRelatedEbay Is The Leading Global Brand For Online Auctions1182 Words   |  5 Pagesleading global brand for online auctions. The company is a giant marketplace used by more than 100 million people to buy and sell all manner of things to each other. The brand has grown tremendously over the decade or so since its conception. 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