Impact of Brexit: Study of E-commerce industry Analyses – Management Assignment Help

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Impact of Brexit: study of E-commerce industry 

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1.1) Introduction
This opening chapter contains an introduction to the study issue as well as the research’s background. The introduction consists of six major sections: the background of the research, the goals and purposes planned to accomplish how tariffs and cross-border shipping rules influence Britain e-commerce and to evaluate the post-Brexit scenario and the problems that the retail merchant is facing in cross-border trade. study questions to be answered forwhat effect do tariffs and policies have on the UK’s e-commerce sector after Brexit as well how online merchant affected by Brexit and new trading policies once the findings and analysis are finished, significance and rationale to understand the standing of conducting this research, and the motive for choosing this research topic.

1.2) Background
Brexit is a mixture of the words Britain and Exit, and it denotes Britain’s leaving or exit from the E.U. or European Union. Inhabitants of the United Kingdom voted for Britain’s drawing from the European Union, and these votes were divided among the component states of the United Kingdom, with Wales and England staying and Northern Ireland and Scotland leaving. The European Community was established in 1967. (E.C.)  This European financial endeavour existed prior to the establishment of the E.U.; six years later, the United Kingdom joined them. That was established to overcome World War II, so trade links various nations, stopping future wars and bringing ECSC. Many things have emerged since then, and in 1992, the members of the E.C. signed the Maastricht Treaty, which resulted in the footing of the E.U. 

The goal was to create a single common currency for the member countries. Economic trade and alliance were also crucial mechanisms of the E.U. The United Kingdom, on the other hand, requested a change to the treaty in this area.Previously, each country in Europe had its own money: the French had Francs, the Germans had the Deutsche Mark, the Italians had the Lira, and so on. While these countries agreed on a common currency, the United Kingdom chose to opt out of this condition yet remained a member of the E.U. at the time. The European Union was shaped in 1993, and the ‘Euro’ was established as the solo currency among the E.U. member states nine years later. The European Union progressed to the point that member states performed as a ‘single market,’ with trade/goods, services, and people freely (tariff-free) moving from one country to the next.

What an online marketplace is:
An online marketplace, according to HMRC, is a business that uses a website or mobile phone app (such as a marketplace, platform, or gateway) to manage the sale of products to clients and fulfils all of the following conditions:

  • In any case, it establishes the terms and circumstances under which items are given to the client. 
  • is engaged in the authorization or facilitation of consumer payments in any manner. 
  • is a part of the ordering or delivery of goods

If a company just offers one of the following services, it will not be classified as an online marketplace:

  • payment processing for the provision of products to the client 
  • Goods listing or advertising 
  • Customers are sent or transferred to other websites or mobile phone apps where things are offered for sale, with no further involvement in any sales that may occur on that website or app.

The Brexit was really carried out on January 1, 2021; after 47 years of association in the EU, the United Kingdom has officially left the EU single market and the European customs union. Prime Minister Boris Johnson described it as a “historic occasion” for the Kingdom.(Pattochii 2020)Last October of 20, it was unclear if the United Kingdom would leave the EU in a hard Brexit or whether a last-minute compromise in the shape of a treaty that would control shared relations even after Brexit could be negotiated. After months of discussions and many missed deadlines, the parties were able to achieve an agreement on December 24 at the last minute. Following that, the islanders moved rapidly, with the British Parliament passing the ratification bill just before the turn of the year in a matter of hours, and the Queen also approving the law.

1.3) Aim and Objective
The aims and objectives of this research study are listed below to help you understand what the research purposes to analyse and what the research aims to reach. The drive of this study is to comprehend the influence of Brexit on the UK E-commerce via the use of a case study. The following objectives must be met in order to achieve this:
1. To explore how tradeagreement and tariff cross-broaderrules influence Britain e-commerce. 
2. To evaluate the post-Brexit scenario and the problems that the retail merchantis facing in cross-border trade .

1.4) Research Questions and Scope
Planned with the study objectives in mind, the following research questions will be useful in carrying out the research: 1. What effect do tariffs and policies have on the UK’s e-commerce sector after Brexit? 2. How online/retail merchant affected by Brexit and new trading policies. These are then used to create strategy and policy for retail and online seller. 

The construction of this study is as follows. The discussion that follows lays the theoretical groundwork for the research. The chapter contains a review of current Brexit research and effects, recognising both good and negative expressions. The next part describes the technique utilised during the research process, which includes a case study using content analysis. This is shadowed by a presentation of the study’s findings, which leads to a discussion of the important themes and research topics, as well as the study’s bounds and recommendations for future research. 

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