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

Interconnection network in-array processing, Interconnection Network (IN): ...

Interconnection Network (IN):  IN performs data exchange between the PEs, manipulation functions and data routing. This IN is under the control of CU.

Explain LRU page replacement algorithm, Explain LRU Page replacement algori...

Explain LRU Page replacement algorithm. LRU policy: It expands to least recently use. This policy proposes that we remove a page that last usage is farthest from present time

Invariant of the class, What are the conditions that have to be met for a c...

What are the conditions that have to be met for a condition to be an invariant of the class? Ans) ? The condition should hold at the end of each constructor. ? The conditi

How firewalls operate, Firewalls operate by Creening packets to/from th...

Firewalls operate by Creening packets to/from the Network and give controllable filtering of network traffic.

Define the heat transfer processes, Heat Transfer Coursework An interna...

Heat Transfer Coursework An internal combustion engine of a passenger car is operating at steady state conditions e.g. constant speed (r.p.m.) and load (torque), so the engine

Build and fix model, Why Build and fix model is considered as ad-hoc softwa...

Why Build and fix model is considered as ad-hoc software development model?

What are the lists of signal available, What are the lists of signal availa...

What are the lists of signal available? Terminating and suspending method Physical circumstances Available for the Programmer Fault in power supply

How do you control instructions like branch, How do you control instruction...

How do you control instructions like branch, cause problems in a pipelined processor? Pipelined processor gives the best throughput for sequenced line instruction. In branch in

What are the uses of interactive reporting, What are the uses of interactiv...

What are the uses of interactive reporting? The user can actively control data retrieval and show during the session.  Instead of an extensive and detailed list, you make a ba

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