Reference no: EM133481955

Assignment

You are the sales representative for a B2B company for whom you will be selling a product/service you select. Choose a company/product that you are genuinely interested in. It will make the whole semester much more interesting, and easier than making up something. Here are the sections to write:

1) Company Name: Shopify

2) Company Address: 151 O'Connor Street Ground Floor Ottawa, Ontario K2P2L8

3) Description of Company: Shopify is a popular e-commerce platform, this platform provides businesses of any size to establish their online store. The Shopify Company provides a lot of important services such as securely process payments and professional website design as well as marketing tools.

4) Product or service you will be selling:

A. Physical Product: Such as electronics, custom prints and more.

5) Explain what makes the company and the product/service B2B: One of the products that can be provided by the Shopify company is custom prints. Custom prints can be offered to customers if they have unique requirements about their clothes. The individual customer can be selecting own pictures or colors and add them to their custom clothes, the customers can create a meaningful gift for themself or their friends. Overall, Shopify company provided customers can purchase customized products according to the customer's preference.

6) Shopify's main features and capabilities are as follows:

A. Payment processing: Shopify works with several payment gateways, allowing companies to safely take online payments from clients using popular credit cards, digital wallets, and other payment options. Additionally, it accepts manual payment techniques, including cash on delivery.

B. Order management: Shopify announced Arrive, a smartphone app that enables users to follow the goods they purchased from Shopify merchants and other e-commerce websites.

C. App Store and Integrations: Shopify provides a sizable app store with tens of thousands of third-party applications and connections. These apps increase the platform's capabilities by offering solutions in various fields, including social media marketing, accountancy, and customer service. For instance, the business had already signed Similar integration contracts with Google and Facebook.

D. Mobile Commerce: Mobile commerce features allow customers to browse and purchase things using their smartphones or tablets.

Shopify is a leading e-commerce platform that enables businesses to set up and manage online stores. Here is some information specific to the company:

7) Company Overview: Shopify was established in 2006 in Ottawa, Canada, by Tobias Lütke, Daniel Weinand, and Scott Lake. It began as Snowdevil, an online retailer of snowboarding equipment, but then moved its attention to creating an e-commerce platform. Ottawa serves as the company's primary office and has offices worldwide.

8) Services and Amenities: Shopify gives businesses a cloud-based platform to build, personalize, and run online stores. It provides several functions and services, such as website design, product administration, payment processing, shipping, and analytics, to ease many facets of e-commerce. In addition, Shopify offers extra tools and services, such as Shopify POS for offline sales, Shopify Capital for business financing, and Shopify Plus for larger companies.

9) Financials and Growth: Since its launch, Shopify has grown significantly. Following its initial public offering in 2015, the business is now traded on the NYSE (New York Stock Exchange) and TSX (Toronto Stock Exchange) under the "SHOP." Its financial performance has been excellent, and v. The overall revenue of Shopify surpassed $2.9 billion in 2020.

10) Shopify Plus: Shopify Plus is an enterprise-level product that the company provides. It serves more prominent companies with more complex needs and higher transaction volumes. To accommodate the expansion and unique requirements of larger businesses, Shopify Plus offers more functionality and adaptability.

11) Help & Resources: Shopify offers its merchant's customer help through several channels, including live chat, phone, and email support, available around the clock. Shopify introduced Shopify Chat, a new native chat feature that enables retailers to communicate with customers accessing Shopify businesses online in real-time.

12) Marketing and SEO: The platform provides integrated marketing solutions like coupons, gift cards, and cart recovery, enabling businesses to increase sales and client interaction. Additionally, Shopify offers SEO tools to enhance product listings and raise search engine ranks.

This is the document that i have been given to complete the following questions.

Provide information that looks at the company's policies in regards to:

Question A. Price strategy? What do they charge? - Explain. Be specific.

Question B. Do they offer any cash/quantity discount? Explain. Be specific.

Question C. Transportation charges... who pays, the buyer of the seller? How often do they ship? Are there any options?

Question D. What is your company's method of invoicing?

Question E. What type of credit is available from your company? Is it 30 days, 60 days, COD, etc.?