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

Floating point format, consider the 8 bit floating point format including s...

consider the 8 bit floating point format including support for normalised nimbers and nonnumeric values.it included 3 bits for mantissa and 4 bitys for excess 7 exponent

Sequential logic gates - sr flip flop, Sequential Logic Gates SR flip ...

Sequential Logic Gates SR flip flop                                                                                                                    1)

Origin of RISC, Q. Origin of RISC? In the 1980s a new philosophy develo...

Q. Origin of RISC? In the 1980s a new philosophy developed having optimizing compilers which could be used to compile 'normal' programming languages down to instructions which

Explain floating point arithmetic pipelines, Floating point Arithmetic pipe...

Floating point Arithmetic pipelines Floating point calculations are the best candidates for pipelining. Take the illustration of addition of two floating point numbers. Subsequ

Fingerprint- biometric computer security systems, Fingerprint- Biometric co...

Fingerprint- Biometric computer security systems First of all, fingerprint is the most commonly used biometric technology, because every person has unique fingerprints and the

Explain the regular expression and transition diagram, State the relation a...

State the relation among Regular Expression, Transition Diagram and Finite State Machines. By using a simple instance establish your claim.   Answer: For each regular language,

Ground substitution, Ground substitution: Here the act of performing a...

Ground substitution: Here the act of performing an instantiation is a function like there is only one possible outcome means we can write it as a function. And the notation Su

Example of bitwise-and operator, Example of Bitwise-AND Operator In the...

Example of Bitwise-AND Operator In the following example, the bitwise-AND operator (&) compares the bits of two integers, nNumA and nNumB: // Example of the bitwise-AND oper

Data routing functions-network properties, Data Routing Functions The d...

Data Routing Functions The data routing functions are the functions which when implemented  the path among the source and the objective. In dynamic interconnection networks the

Explain about the postpurchase interaction briefly, Explain about the postp...

Explain about the postpurchase interaction briefly. Postpurchase Interaction: Customer support and service: The considerations at such can be explained by the followin

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