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

How is basic authentication worked, How is basic authentication worked? ...

How is basic authentication worked? When an exact resource has been protected using fundamental authentication, Apache sends a 401 Authentication needed header along with the r

Dataflow computing, Dataflow Computing A different to the von Neumann m...

Dataflow Computing A different to the von Neumann model of computation is the dataflow computation model. In a dataflow model, control is fixed to the flow of data. The order o

Fibre optics, #questifind core radius for single mode operation at 850nm in...

#questifind core radius for single mode operation at 850nm in SI fibre with n1=1.480 & n2=1.47 what is NAon..

What is a matchcode, What is a matchcode? A match code is an aid to fin...

What is a matchcode? A match code is an aid to finding records keeps in the system whenever an object key is needed in an input field but the user only knows other (non-key) in

Works flowing related technologies influence e-business, How the works do f...

How the works do flowing related technologies influence e-business? Work Flow related Technologies influence e-business: Microsoft CRM automates internal business process

Contraposition, Contraposition : The contraposition equivalence is as ...

Contraposition : The contraposition equivalence is as follows:  So it may seem a small strange at first, this means that it appears which we have said nothing in the f

What is mini computer, Q. What is Mini computer? The term minicomputer ...

Q. What is Mini computer? The term minicomputer introduced in 1960's when it was realized that numerous computing tasks don't need an expensive modern mainframe computers howev

Artificial intelligence, 2. The Turing test has often been incorrectly inte...

2. The Turing test has often been incorrectly interpreted as being a test of whether or not a person could distinguish between responses from a computer and responses from a person

Explain shift register with diagram and waveform, Q. Explain Shift register...

Q. Explain Shift register with diagram and waveform.   Q. Write a short note on Decoder.

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