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

Scope of supply chain management consultancy, What are included in scope of...

What are included in scope of Supply Chain Management Consultancy? Supply Chain Management Consultancy's scope is extensive, and classically includes as given here: a. Sales

Flynns categorization, Flynn's Categorization Flynn's Categorization is...

Flynn's Categorization Flynn's Categorization is based on multiplicity of data streams and instruction streams observed by CPU at the time of program execution. Let I s and D

What is meant by a field, What is meant by a field The consecutive nonw...

What is meant by a field The consecutive nonwhite space characters that define a data item collectively define a field. It is possible  to limit the number of such characters b

What is the use of isolated i/o configuration, What is the use of isolated ...

What is the use of isolated I/O configuration.  In isolated I/O configuration the CPU has distinct input and output instructions and each of these instructions is associated wi

What a hardware uses to calculates cyclic redundancy check, Hardware that c...

Hardware that calculates CRC (Cyclic Redundancy Check) uses: Hardware which computes CRC utilizes shift register and Xor unit.

Define interrupt processing, Q. Define Interrupt Processing? On complet...

Q. Define Interrupt Processing? On completion of execution of an instruction machine checks whether there is any pending interrupt request for interrupts which are enabled. If

System programming, concurrentisation and vectorisation of program

concurrentisation and vectorisation of program

Define synchronous bus, Define synchronous bus. Synchronous buses are t...

Define synchronous bus. Synchronous buses are the ones in which every item is transferred during a time slot(clock cycle) known to both the source and destination units. Synchr

Assembly Language program, How to get an output: Please enter a number betw...

How to get an output: Please enter a number between 0 and 6 (Enter to stop): 2 The Day of Week is Tuesday Please enter a number between 0 and 6 (Enter to stop): 9 Input Invalid Ple

Explain naming convention verification points, Explanation:- In functio...

Explanation:- In functional testing, you require to confirm that the objects in the application-under-test look and work as designed from build to build. To accomplish this, yo

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