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

Explain error detection and correction codes, Q. Explain Error Detection an...

Q. Explain Error Detection and Correction Codes? Before we wind up data representation in reference of today's computers one should determine about code that helps in correctio

Explain bus interface unit, Q. Explain Bus Interface Unit? BIU (Bus Int...

Q. Explain Bus Interface Unit? BIU (Bus Interface Unit) mainly interacts with system bus. It executes nearly all the activities relating to fetch cycle like:  Computing

How to make frames for web documents, Q. How to make frames for web documen...

Q. How to make frames for web documents? Intelligent use of frames can give your pages a cleaner look and make easier to navigate. The fundamental concept goes like this: Every

Why is xml such an important development, It takes away two constraints whi...

It takes away two constraints which were holding back Web developments: 1. Dependence on a one, inflexible document type (HTML) which was being much abused for tasks it was neve

Eequivalences rules, Eequivalences rules: This conveys a meaning that ...

Eequivalences rules: This conveys a meaning that is actually much simpler so than you would think on first inspection.  Hence we can justify this, by using the following ch

Explain virtual packets, Explain Virtual Packets. The router can't tran...

Explain Virtual Packets. The router can't transfer a copy of a frame from one kind of network to other since the frame formats be different. More significantly, the router cann

Example of shared programming using library routines, Q. Example of shared ...

Q. Example of shared programming using library routines? Think about subsequent set of statements  Process A                                  Process B                  :

Performance instrumentation in parallel computer, Performance instrumentati...

Performance instrumentation focuses on how to resourcefully collect information about computation of parallel computer. Method of instrumentation mostly tries to capture informatio

Find gain in db of an amplifier has 600 ohm input resistance, An amplifier ...

An amplifier has an input resistance of 600 ohms and a resistive load of 75 ohms. When it has an rms input voltage of 100 mV, the rms output current is 20mA. Find the gain in dB.

Scanners, A Scanner is a device which allows you to capture photographs or ...

A Scanner is a device which allows you to capture photographs or drawings or text from tangible sources (paper or slides etc.) in electronic form. Scanners work by detecting differ

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