What Is the Most Profound Way in Which E-Commerce and the Internet

question 5

Essay

What is the most profound way in which e-commerce and the Internet has changed the relationship between companies and their customers? Support your answer.

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Definitions:

Credits

In accounting, credits are entries that decrease assets or increase liabilities and equity on a company's balance sheet.

Bank Balance

The amount of money held in a bank account at a given moment.

Cash Account

An account that records all transactions involving cash, including receipts and payments.

Debit Balances

Balances in accounts that represent amounts spent or assets, as opposed to credits, which signify income or liabilities.