Why have companies gone ecommerce, Computer Engineering

Assignment Help:

One of these objectives is related to costs. By going e-commerce, consumers will be able to submit their purchase requests to the sellers without paying a visit to their place. This indeed will save time and surely will minimize the paper work required to complete the deal with the consumers.

Also, companies can use their websites to market their current and new products. This obviously will decrease the marketing costs which eventually will lead to lower the product's costs. E-commerce has strongly indicated to make managements start rethinking about hiring new staff in the sales department; observing and seeing that e-commerce has unleashed new areas where they can compete with other companies in the same market segment. This takes us to another objective which is the competitive advantage among companies in one market segment.

As stated above, e-commerce leads to have low costs which are an essential factor in gaining high profits. By achieving this goal any competitive company will have an edge in leading the market since low costs offer a high potential in lowering the prices. Since markets are massively growing and going global, companies should expect not only local competitors to assault but also overseas multi-national companies. These companies see a high potential in reaching the consumers in different regions to increase sales and eventually profits. These companies believe this cannot be implemented without maintaining costs which means finding a proper way to maximize sales without hiring a lot of employees. Instead of creating new sales departments in multiple countries and employing a high number of employees, e-commerce happens to be the solution and also the method to make this happen. E-commerce has become hugely appreciated by consumers due to the easiness of the purchase process. As mentioned, consumers will no longer need to visit the show rooms and stores, fill in documents, paying cash and finally receive the sold product. These can be saved by going online and fill in the required information and finally submit it in a few minutes. E-commerce by providing a supply of information and wide access to business information has increased the competitiveness of manufacturers in one hand and the other power of consumer choice.


Related Discussions:- Why have companies gone ecommerce

Fundamental components of a microprocessor, Q. Fundamental components of a ...

Q. Fundamental components of a microprocessor? The word 'micro' is used in microphones, microscopes, microwaves, microprocessors, microcomputers, microprogramming, microcodes e

Pythagorean theorem, if the 6 is a and the b is 3 what is the c ?

if the 6 is a and the b is 3 what is the c ?

Load sharing facility resource management, The primary aims/details of Load...

The primary aims/details of Load Sharing Facility Resource Management Software(LSFRMS) are good resource utilization by routing the task to the most appropriate system and good uti

Depth first search - artificial intelligence, Depth First Search - artifici...

Depth First Search - artificial intelligence: Depth first search is very similar to breadth first, except for that the things are added to the top of this agenda rather than o

Kirchoff''s voltage law , Kirc hoff's Voltage Law   The sum ...

Kirc hoff's Voltage Law   The sum of all the voltage drops around a closed circuit loop will add to zero  V1+(-V2)+(-V3)+(-V4)= 0

How to load dos from floppy disk, Q. How to load DOS from Floppy Disk? ...

Q. How to load DOS from Floppy Disk? If DOS is not setup on the Hard Disk of your PC, or you want to load DOS from the Floppy disk drive due to any reason, follow these steps:

What is input - output interface, The I/O interface provides a technique fo...

The I/O interface provides a technique for transferring information between external I/O devices and internal storage. Peripherals linked to a computer require special communicatio

Which memory can not be accessed randomly, Which of following can not be ac...

Which of following can not be accessed randomly DRAM, SRAM, ROM or Magnetic tape ? Ans. Magnetic tape cannot be accessed randomly; it can only be accessed sequentially.

Why echo suppressor is detrimental to full duplex operation, Echo suppresso...

Echo suppressor is detrimental to full duplex operation because? This disables one of the two pairs in a four-wire trunk line while a signal is detected upon another pair.

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd