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

Describe the von neumann architecture, Describe the VON NEUMANN ARCHITECTUR...

Describe the VON NEUMANN ARCHITECTURE Most  of  present  computer  designs  are  based  on  idea  developed  by  John  vonNeumann referred to as the VON NEUMANN ARCHITECTURE. V

Show the categories of web browser, Q. Show the categories of Web browser? ...

Q. Show the categories of Web browser? The two basic categories of Web browser are: • Text-only browsers: A text-only browser like Lynx allows you to view Web pag

Translate the following sentences into predicate logic, Translate the follo...

Translate the following sentences into predicate logic. Give as much structure as possible. Provide a translation key for each predicate letter and individual constant. In your tra

What are the external storage systems, External storage systems A numb...

External storage systems A number of different types of external memory devices are available now. Some of these are considered below (hard drives haven't been mentioned as th

Show the characteristic of cache memory, Q. Show the characteristic of cach...

Q. Show the characteristic of cache memory? The essential characteristic of cache memory is its fast access time. So very little or no time should be wasted when searching for

What is an interrupt, What is an interrupt?  An interrupt is an event t...

What is an interrupt?  An interrupt is an event that causes the implementation of one program to be suspended and another program to be implemented.

Explain the concept of overriding, What is overriding? Overriding is an...

What is overriding? Overriding is an inherent part of association. It can show an ordered set of objects by writing {ordered} next to the appropriate association end. In 200

When a network uses a star topology, A Network uses a star topology if? ...

A Network uses a star topology if? A Network utilizes a star topology if all computers attach to a single central point.

Difference in natural frequency and resonant frequency, (a)  Explain in a f...

(a)  Explain in a few sentences the difference between a natural frequency and a resonant frequency.  Also clarify why for a specific system or component these frequencies may diff

Diffrence between RISC and CISC architecture, Q. Diffrence between RISC and...

Q. Diffrence between RISC and CISC architecture? CISCs provide better support for high-level languages since they include high-level language constructs such as CASE, CALL etc

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