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

Define various applications of shift register, Lists out some applications ...

Lists out some applications of Shift Register. Ans: Applications of Shift Registers: a. Serial to Parallel Converter b. Parallel to Serial Converter c. Delay li

Determine the equivalent hexadecimal form of decimal number, Solve the equa...

Solve the equation 65.535 10 = X 16 Ans. In order to get X, convert the Decimal number 65.535 in its equal Hexadecimal form. So first taking 65 the integer part to convert in i

Computer Architecture, As an advocate of CISC architecture to RISC architec...

As an advocate of CISC architecture to RISC architecture, what are the merits and demerits of CISC to RISC architecture

What is a table cluster, What is a table cluster? A table cluster join...

What is a table cluster? A table cluster joins several logical tables in the ABAP/4 Dictionary.  Various logical rows from different cluster tables are brought together in a o

What is macro-expansion, What is macro-expansion? Macro calls lead to m...

What is macro-expansion? Macro calls lead to macro expansion. Throughout macro expansion, the macro call statement is replaced through a sequence of assembly statements.

Find the width of a time division space switch, I n a time division space s...

I n a time division space switch the size of the control memory is N and its Width:  (A) Log 10 M  (B) Log e M  (C) Log N M  (D) Log 2 M Where N are the ou

In what way interrupts are classified in 8085, 8085 the interrupts are clas...

8085 the interrupts are classified as Software and Hardware interrupts.

Logic-based expert systems, Logic-based Expert Systems : Expert system...

Logic-based Expert Systems : Expert systems are agents that are programmed to make decisions just about real world situations are place together by utilising knowledge illicit

Build and explain a prototype model-uml, International Coal Coal-fire...

International Coal Coal-fired Power Generation Compared with other fossil fuels, burning coal produces relatively large amounts of atmospheric pollutants: carbon dioxide

-bit comparator using combinational logic, Design a 4-bit comparator using ...

Design a 4-bit comparator using combinational logic, and Karnaugh Maps. The inputs of the circuit are two 2-bit numbers. a) Construct the truth table given 2-bits inputs A and B, a

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