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

Set up the site structure, Structuring the Web site is first step towards b...

Structuring the Web site is first step towards building the corporate Web site. Structuring includes creating a folder that includes all our picture files, text files and database

What is artificial intelligence fuzzy logic, Fuzzy logic is a form of vario...

Fuzzy logic is a form of various-valued logic; it deals with reasoning that is approximate rather than fixed & exact. In contrast with traditional logic theory, where binary sets h

Inheritance, what is Ambiguity in single inheritance

what is Ambiguity in single inheritance

Explain the term- scan insertion, Explain the term- Scan Insertion Sca...

Explain the term- Scan Insertion Scan Insertion is completed by a tool and results in all (or most) of your design's flip-flops to be changed by special "Scan Flip-flops". Sca

Can we run dot.net in unix platform, Can we run DOT.NET in UNIX platform? ...

Can we run DOT.NET in UNIX platform? One of the drawbacks of using Visual Studio.NET and the .NET framework to develop applications has been the lack of cross-platform support

What are the different types of bios, The  most common types are the AWARD,...

The  most common types are the AWARD,AMI, AND phoenix

Feature Extraction and clustering, Hi, It is a data mining project I have ...

Hi, It is a data mining project I have a CSV file that has numbers data set. The data set contains images of handwritten digits. Recognizing handwritten digits is already a mature

What is SSTF, SSTF stands for ? Ans. Shortest-Seek-time-first scheduli...

SSTF stands for ? Ans. Shortest-Seek-time-first scheduling.

Evolutionary approaches boil down - artificial intelligence, Evolutionary a...

Evolutionary approaches boil down - artificial intelligence: In fact as we will see whether evolutionary approaches boil down to like (i) just to identify how to represent pos

Transportation model, advantages and disadvantages of northwest corner meth...

advantages and disadvantages of northwest corner method and least cost method

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