International e-commerce and the intranet

International e-commerce and the intranet

How do companies like eBay, Amazon, and Expedia manage exchange rates in e-commerce?

 

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International e-commerce and the intranet

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How do companies like eBay, Amazon, and Expedia manage exchange rates in e-commerce?
How can an intranet be modeled to be globally integrated but locally responsive? Any real world examples?
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Solution PreviewThe response addresses the queries posted in 618 words with references.

//One of the various challenges of e-commerce is to mange multiple currencies in which payment is received from customers by an e-commerce company. The following section will help in gaining insight into the methods applied by companies like eBay, Expedia and Amazon in managing exchange rates.//
Managing multiple exchange rates is one of the primary challenges faced by electronic companies, like Amazon, eBay, Expedia and others. Large retailers like them do business in almost all parts of the world. They are global businesses, and have made their products and services available to almost everybody in the world. In order to do this, it becomes necessary for e-commerce companies to integrate their business with appropriate technology, so as to manage multiple currencies (Bandopadhyaya, Gotti & Lu, 2010). Whenever an order in other currency is received by a company, it needs to be converted immediately into the base currency of the company.
Managing multiple currencies is …

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Solution provided by:
Ashish Sharma, MBA (IP)

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