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 programming, #write a program to find the area under the curve y=f(x) bet...

#write a program to find the area under the curve y=f(x) between x =a and x=b integrate the area between a and b by c programming

Explain chomsky classification of languages, Explain chomsky classification...

Explain chomsky classification of languages with suitable examples Ans: Any language is appropriate for communication provided the syntax & semantic of the language is termed t

Computer engineering designing, How the production of metal contributes to ...

How the production of metal contributes to computer engineering designing?

When web pages containing emails are sent out, When web pages containing em...

When web pages containing emails are sent out they are prefixed by MIME Header. Why? Primarily email consisted messages having simple text written into English and expressed in

Illustarte basic flip-flops, Q. Illustarte Basic Flip-flops? Let's firs...

Q. Illustarte Basic Flip-flops? Let's first see a ordinary latch. A latch or flip-flop can be created employing two NOR or NAND gates. Figure (a) presents logic diagram for S-R

Give explanation of common channel signalling, Explain Common channel signa...

Explain Common channel signalling. Common channel signalling: Signaling systems connection the variety of transmission systems, switching systems and subscriber equipments, i

Define linear probing with respect to hashing technique, Define Linear Pro...

Define Linear Probing Linear Probing:  The easiest way to resolve a collision is to begin with the hash address and do a sequential search by the table for an empty location.

What are the advantages of hierarchical networks, What are the advantages o...

What are the advantages of Hierarchical Networks? Hierarchical networks are able of handling heavy traffic where needed, and at similar time use minimal number of trunk groups

What is difference between cobol and vs cobol ii, In using COBOL on PC we h...

In using COBOL on PC we have only flat files and the programs can access only limited storage, while in VS COBOL II on M/F the programs can access up to 16MB or 2GB depending on th

Elaborate state space search briefly, Artificial Intelligence 1. Explai...

Artificial Intelligence 1. Explain about artificial intelligence? What are the achievements of AI? 2. Elaborate state space search briefly. 3. Prove that A* is optimal.

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