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

What do you mean by manual assembly, Q. What do you mean by Manual Assembly...

Q. What do you mean by Manual Assembly? It was an old method which required the programmer to translate every opcode in its numerical machine language representation by search

Important points of simulations, Important points of simulations In thi...

Important points of simulations In this simulation it is essential to consider: (1)  What and how data is gathered (2)  How simulation is done (3)  How system would wo

What is locality of reference, What is locality of reference? Analysis ...

What is locality of reference? Analysis of program represents that many instructions ion localized areas of the program are implemented repeatedly during some time period, and

Knowledge representation in artificial intelligence , Knowledge Representat...

Knowledge Representation: To recap, now we have some characterizations of Artificial Intelligence, so  when an Artificial Intelligence problem arises, you will enable  to put i

How can arithmetic processor be associated to the CPU, Q. How can this arit...

Q. How can this arithmetic processor be associated to the CPU?  Two mechanisms are used for connecting arithmetic processor to CPU.   If an arithmetic processor is treated a

Exponential search, Exponential Search Another alternative to variable ...

Exponential Search Another alternative to variable size decrease-and-conquer search is known as exponential search. This algorithm begins searching at the beginning of the list

Essential features of an algorithm, Necessary features of an algorithm: ...

Necessary features of an algorithm: 1.Input: The algorithm should take zero or more input. 2. Output: The algorithm should generate one or more outputs.  3. Definiteness:

What is visibility give uml notation, What is visibility give UML notation?...

What is visibility give UML notation? Visibility refers to the ability of a process to reference a feature from another class and has possible valued of public, private, protec

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