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Attributes of Online Business in Romania during Economic Crisis

Author

Listed:
  • Eugen Remus Negoi

    (Bucharest Academy of Economic Studies)

  • Liliana Nicodim

    (Constanta Ovidius University)

Abstract

Any business seeks maximum profitability. Especially when the global economic crisis grows, a company must have both maximum profitability by reducing costs, and by finding new markets and new consumers. Due to economic conditions, companies have turned to online business, where operating costs, and marketing costs are much lower. Almost every company in the world, who noticed the trend, they promote, in one way or another, the own business on the Internet.

Suggested Citation

  • Eugen Remus Negoi & Liliana Nicodim, 2012. "Attributes of Online Business in Romania during Economic Crisis," International Journal of Economic Practices and Theories, Academy of Economic Studies - Bucharest, Romania, vol. 2(1), pages 43-47, January.
    • Handle: RePEc:aes:ijeptp:v:2:y:2012:i:1:p:43-47
    as

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    More about this item

    Keywords

    online business; economic crisis; business model; social media;
    All these keywords.

    JEL classification:

    • F18 - International Economics - - Trade - - - Trade and Environment
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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