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

Define grammar of a language, Define Grammar of a language. A formal la...

Define Grammar of a language. A formal language grammar is a set of formation rules which describe that strings formed from the alphabet of a formal language are syntactically

Explain data mining, Data Mining is an analytic method designed to explore...

Data Mining is an analytic method designed to explore data and then to validate the findings by applying the detected patterns to latest subsets of data.  The ultimate goal of dat

8085 programs, what is the theory used to check whether a number is negativ...

what is the theory used to check whether a number is negative or positive?

What are the disadvantages of bespoke software, What are the disadvantages ...

What are the disadvantages of Bespoke Software -  Very dependent on suppliers of the software; if they go out of business there would be little or no support if problems occ

.., 1mechanism of artificial satellite

1mechanism of artificial satellite

Need of the assembly language, Q. Need of the assembly language ? Machi...

Q. Need of the assembly language ? Machine language code comprises the 0-1 combinations which computer decodes directly.  Though the machine language has the following problems

Differentiate traditional commerce and electronics commerce, Differentiate ...

Differentiate Traditional Commerce verses Electronics Commerce. Identity: Into traditional commerce customers can simply authenticate the identity of a merchant simply throug

Auto increment mode and condition code flags, Described auto increment mode...

Described auto increment mode of addressing? Ans: Effective address of the operand is the contents of a register mention in the instruction. After finishing the accessing t

Scope of expert system, The scope of the experts system is very limite...

The scope of the experts system is very limited. It cannot work outside the field it is being used. The users knowledge is required to adjust to new situation. To reduce

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