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

Perceptrons of artificial neural networks, Perceptrons: However the we...

Perceptrons: However the weights in any ANN are usually just real numbers and the learning problem boils down to choosing the best value for each weight in the network. Becaus

Determine resources, Consider the following system snapshot using data stru...

Consider the following system snapshot using data structures in the Banker's algorithm, with resources A, B, C, and D, and process P0 to P4:                           Max

What does a lock object involve, What does a lock object involve? The t...

What does a lock object involve? The tables. The lock argument.

Two different ways of building a match code object, What are the two differ...

What are the two different ways of building a match code object? A match code can be built in two dissimilar ways: Logical structure: The matchcode data is set up not pe

Electing neil, ELECTING NEIL : The response for this is, of course. In...

ELECTING NEIL : The response for this is, of course. In this case, we considered the point of the search or researching is to find an artifact  -  a word which is an anagram o

Define the pulse-triggered (master-slave) flip-flops, Define the Pulse-Trig...

Define the Pulse-Triggered (Master-Slave) Flip-flops? The term pulse-triggered signify that data are entered into the flip-flop on the rising edge of the clock pulse, though th

Invoke on the dataadapter control, Which method do you invoke on the DataAd...

Which method do you invoke on the DataAdapter control to load  your generated dataset with data? DataAdapter.Fill(ds). The beauty of this method is it automatically implicitly

Features added in message passing interface-2, Q. Show the Features added i...

Q. Show the Features added in message passing interface-2 Input/output Single-sided operations for remote memory access Binding for C++ Dynamic process managem

Difference among interrupt service routine and subroutine, Subroutine are t...

Subroutine are the part of implementing processes (like any process can call a subroutine for achieve task), whereas the interrupt subroutine never be the part. Interrupt subroutin

Describe big notation, Q. Describe Big Notation? Big O Notation : The ...

Q. Describe Big Notation? Big O Notation : The set O (g(n)) comprises all functions f(n) for that there exists   positive constants c such that for satisfactorily large values

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