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 semaphore, What is a semaphore? Semaphore: It is a synchroniz...

What is a semaphore? Semaphore: It is a synchronization tool which gives a general-purpose solution to controlling access to critical sections.

Explain the program invisible registers, What are program invisible registe...

What are program invisible registers? Global and local descriptor tables are found in memory system. In order to specify and access the address of these tables, program invisi

Truth tables, Any function can be expressed in a truth table.A truth table ...

Any function can be expressed in a truth table.A truth table lists all possible combinations ofinputs and gives the output produced in eachcase.Truth tables must include all combin

Control signals from control bus, Control Signals from Control Bus: A numb...

Control Signals from Control Bus: A number of the control signals are provided to control unit by the control bus. These signals are issued from outside the CPU.  Some of these si

Calculate max distance so subscriber get speech reproduction, In a subscrib...

In a subscriber loop that contains a series resistance of 300 ohms to protect the batteries in the exchange, a normalized telephone draws 10 mA and its standard input d.c. resistan

Vector-memory instructions-vector processing, Vector-Memory Instructions : ...

Vector-Memory Instructions : When vector operations with memory M are executed then these are vector-memory instructions. These instructions are denoted with the many function mapp

Features and utilities available in java, Explain the features and utilitie...

Explain the features and utilities available in java, which makes it suitable for developing e-commerce applications.     1.  In a network, the transmission of passive informati

Explain briefly how the bus topology operates, Question 1: a) The aim ...

Question 1: a) The aim of a computer network is to increase efficiency and reduce costs. Describe how networks achieve the above. b) Explain briefly how the bus topology op

Which one state is not a fundamental process state, Which one state is not ...

Which one state is not a fundamental process state? Ans. Blocked state is not a fundamental process state.

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