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

C, write a code to decode the string"i need 1000 bucks"

write a code to decode the string"i need 1000 bucks"

What is selective complement - logic micro operations, SELECTIVE COMPLEMEN...

SELECTIVE COMPLEMENT The selective-complement process complements bits in register A where there are corresponding 1's inside register B. It does not affect bit positions which

Standard typewriter for information distribution, Standard typewriter : Yo...

Standard typewriter : You must have seen this manually operated machine. Standard typewriters of various makes such as Remington, Fact, Godrej, etc., are available in the market.

State a simple pull transaction, a. Explain the future of mobile commerce i...

a. Explain the future of mobile commerce in world? b. 'Push and Pull' are two ways of transferring information to and from a phone, through WAP. Now, with the help of diagram, s

Effect of is on humans - information system, Effect of IS on Humans - Infor...

Effect of IS on Humans - Information System We have concentrated in this chapter on the ways that IS has evolved making it more useful and more user-friendly. This proliferat

What is a container class, What are the types of container classes in C++? ...

What are the types of container classes in C++?  Ans) A container class is a class that is used to hold objects in memory/external storage. A container class behaves as a ge

What are the advantages of ccs over in-channel signalling, What are the adv...

What are the advantages of CCS over in-channel signalling? The advantages of CCS over in-channel signalling are given below: a. Information can be exchange among the process

Recursive procedures are implemented, Recursive procedures are implemented ...

Recursive procedures are implemented by using Recursive procedures are executed by using stacks due to stacks are LIFO data structure and we require this feature to store retur

How to working in dreamweaver, Q. How to Working in Dreamweaver? Let's ...

Q. How to Working in Dreamweaver? Let's now start our journey into the realm of Dreamweaver. We begin with typing in a few test lines in Design view. See that how our work area

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