International Business Essay Example | Topics and Well Written Essays - 250 words - 1

International Business - Essay Example Alibaba.com works in a simplistic environment. The buyer logs onto the website and creates an account. They can either post buying leads or go to each company directly. The site offers a way for them to search for what they want by country. If a buying lead is posted then potential sellers will email the buyer through alibaba.com. They can even contact them by phone if the buyer allows it. Once potential suppliers are identified an order can be placed and alibaba.com can be used for transactions via escrow. Escrow means that alibaba.com holds the money until the buyer has received their order in good condition. The buyer lets alibaba.com know and they release the money to the supplier. Some transactions can also occur outside of alibaba.com and this is where the potential for fraud comes in. A buyer could be sending money to someone who has no intentions of selling them any products. Some even develop false websites just to make themselves seem legitimate. This site makes it easier t o find suppliers who are in other countries and it helps companies find new markets to sell in thereby keeping them in business.