> It lead to the devlopment of the extranet, An extranet is an extension of a corporate intranet. It connects the
internal network of one company with the intranets of its customers and suppliers. This makes it possible to create e-commerce
applications that link all aspects of a business relationship, from ordering to payment.
>It lead to he introduction of e-commerce, the buying and selling of goods over he internet. E-commerce takes place
on a global scale.
>The internet also lead to he devlopment of Merchant Accounts, A Merchant Account is a relationship between a business
(i.e. a merchant) and a merchant bank which allows the retailer or merchant to accept credit card payments from customers.
Depending on the country involved, banks or financial institutions could have stiff requirements and regulations regarding
the issuing of a merchant account. Many small or home based businesses report that they have great (sometimes insurmountable)
difficulties acquiring Merchant Status. If Merchant Status is obtained, the merchant then rents or buys special software that
is used to process the transaction. In some cases, depending on the bank and depending on the type of business that you are
operating, you will also need to purchase or rent a piece of hardware known as a processing terminal.
> Another huge thing that came with the internet, is a new way of advertising. Even though the internet
has only been commonly used for about 20 years it consists of billions of advertisements.
Advertisements help pay for peoples web space, in turn, promoteing their company.
>Communcation is now easy, documents can be transfered across he world in just seconds, and meetings can be held on-line.
