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 compilers with high level programming language, Define Compilers wit...

Define Compilers with High Level Programming Language? All high-level programming language (except strictly interpretive languages) comes with a compiler. Effectively the compi

De moiver theorem, application of de moiver theorem in software engineering...

application of de moiver theorem in software engineering

Arbitrary categorisation - learning decision trees, Arbitrary categorisatio...

Arbitrary categorisation - learning decision trees: Through visualising  a set of boxes with some balls in. There if all the balls were in a single box so this would be nicely

Describe session handling in a web farm, Describe session handling in a web...

Describe session handling in a web farm, how does it work and what are the limits ?   In ASP.NET there are three ways to handle session objects. Single support the in-proc mec

Explain the logic symbols - flip flops, Explain the Logic symbols - Flip Fl...

Explain the Logic symbols - Flip Flops? These flip-flops are as well called Master-Slave flip-flops simply because their internal construction is divided into two sections. Th

What is mini frame size where propagation speed is 200 m µs, A CSMA/CD bus ...

A CSMA/CD bus spans a distance of 1.5 Km. If data is 5 Mbps, What is minimum frame size where propagation speed in LAN cable is 200 m µs. Usual propagation speed in LAN cables

IA-32 support, In order to support IA-32 Itanium can switch in 32-bit mode ...

In order to support IA-32 Itanium can switch in 32-bit mode with special jump escape instructions. IA-32 instructions have been mapped to Itanium's functional units. But as Itanium

Case x and z difference which is preferable and why, Case x, z difference, ...

Case x, z difference, which is preferable, why? CASEZ : Special version of case statement that uses a Z logic value to signify don't-care bits. CASEX : Special

What is relational database, What is relational database? Relational da...

What is relational database? Relational database has data that is perceived as tables. A relational DBMS manages tables of data and associated structures that enhances the func

Example of circuit switching & stored and forward switching, Example of cir...

Example of circuit switching and S&F (Stored and Forward) switching is (A) Telephone and Post of Telegraph (B) Video Signal Post or Telegraph (C)  Digital Signal P

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