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

Microprocessor MIPS Full Adder and Divider with overflow, I need to write a...

I need to write a 32 bit adder in MIPS without using the Add command and a divider as well.

Function makestk-predicate function emptystk, 1. Create the following ADTs....

1. Create the following ADTs. (a) Write the constructor function makestk, predicate function emptystk and mutator functions pushstk and popstk: i. makestk returns a new stack

Proof by contradiction, Proof by Contradiction: Now for forward chaini...

Proof by Contradiction: Now for forward chaining and backward chaining both have drawbacks. But another approach is to think about proving theorems by contradiction. So we can

Explain difference between dynamic and static binding, Explain difference b...

Explain difference between Dynamic and static binding. Dynamic and static binding: Dynamic binding is a binding performed after the execution of a program has immediately beg

Explain the structured design of system, Q. Explain the Structured Design o...

Q. Explain the Structured Design of system? Structured Design utilizes graphic description (Output of system analysis) and focuses on development of software specifications.

Indias parallel computers, Parallel Computers In India, the design and ...

Parallel Computers In India, the design and development of parallel computers in progress in the early 80?s. The Indian Government recognized the Centre for Development of Adva

Explain half-adder with truth-table and logic diagram, What is a half-adder...

What is a half-adder? Explain a half-adder with the help of truth-table and logic diagram. Ans. Half Adder: It is a logic circuit for the addition of two 1-bit numbers is term

Computer, is data bus is bidirectional

is data bus is bidirectional

Oo modelling, We might model such a scenario using three types of object: o...

We might model such a scenario using three types of object: one for Customers, one for BankAccounts and another for Transactions. In terms of data required, for Customers assume we

Design odd-even transposition algorithm, Q. Design Odd-Even Transposition A...

Q. Design Odd-Even Transposition Algorithm? Algorithm: Odd-Even Transposition for I=1 to N     {            If (I%2 != 0) //i.e. Odd phase            {

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