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Advantages Of E Commerce Essay
Advantages of E–Commerce E–commerce is changing how companies conduct business, and it is changing the economy (Azadi & Rahimzadeh, 2012).
E–commerce applications allow companies to process different tasks simultaneously, such as: online sales, orders, deliveries, and payments (Lin et al,
2009). Traditional brick–and–mortar stores are finding it difficult to compete with online marketers. Some advantages of E–Commerce includes: cost
reduction, brand recognition, globalization, competitive advantage, supply chain improvement, lead generation, profitability, etc. (Perrigot & Penard,
2013). According to Pujani et al, (2012), some advantages of incorporating e–business tools into a company's business model are: (1) sales and revenue
growth; (2) distribution channel improvements; (3) access to globalized markets; (4) 24 hours operations, and more. Wen (2012) asserted that
E–commerce (online shopping) provides the customers and retailers many advantages, such as: Customers: (1) wider selection of products and brands
available; (2) huge amount of product and service information; and (3) access to websites 24/7. For retailers, (1) E–Commerce provides an opportunity
to sell products and reach global customers instantly over the World Wide Web; (2) cost savings of doing business online; savings on rent space, labor,
and storage; and (3) time saving and increase profitability. Companies can achieve competitive advantages over competitors by using McCarthy's four
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Advantages Of E-Commerce
Name: Sze Onn Yan & Lee Mun Yee Student ID: 13079397 & 14020176 Group: 7 Course Code: ENG1014 Course Name: English for Business
Assignment: Argumentative/ Persuasive Essay Weightage: 15% Title of essay: E
–commerce refers to the buying and selling of products and services
by businesses and consumers over an electronic medium like the Internet. One of the advantages of e–commerce is that it allows businesses to promote
and sell their products and services online, enabling them to reach both the local and international market conveniently. Some, on the other hand, argue
that it still lacks the personal touch which is vital in business development. In your opinion, will e–commerce replace the traditional business
transaction within the next ten years? Traditional business transactions have continued for 3000 years since the invention of money and is well valued
and appreciated. Though most people are accepting technology as part of their lives now, the more old–fashioned ones still prefer to do things the
traditional way. It is hard to convince them of the benefits technological advancement has brought to our lives with their strong opinion on tradition.
Despite these old–fashioned...show more content...
Nonetheless, as compared to spending on petrol and transportation, e–commerce is actually more cost saving. The transportation fee saved up by
shopping online can be used to buy extra items while being charged the same shipping fees. Some e–commercial businesses even provide free delivery
and some would waive off shipping fees when customers spend more than a certain amount. Besides avoiding spending on petrol and transportation,
e–shoppers can also avoid the hassle of finding parking. They can 'shop' leisurely at home in their own time without the constant hammering of
salespersons to look for the cheapest deal in
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E Commerce : Assignment Questions
E–Com–101:E–Commerce ASSIGNMENT QUESTIONS Set–1 1.What is a payment gate–way also discuss how does it Works. A payment gateway is
an e–commerce application service provider service that authorizes credit card payments for e–businesses, online retailers, bricks and clicks, or
traditional brick and mortar. sometimes it is referred to it as Internet payment service providers, can provide both a merchant account and the software
tools required to process credit card purchases online. The gateway is similar to ATM machine that process credit cards online. The gateway then
authorizes the card transaction and processes it through a merchant. Some popular merchant gateways are Authorize.net, ECHO, etc. payment service
provider will use secure payment processing to validate the purchaser's credit card details and confirm whether the purchaser has enough moneys to
complete the transaction. If the purchaser's identifications are valid and there are enough moneys to complete the transaction, payment service
provider will start transfer of moneys from the purchaser's bank account to the merchant account associated with the website, and notify the website
that the transaction has been accepted. If the transaction is declined for any reason ( unacceptable authorizations or lacking moneys ) no moneys will
be transferred and status information will still be sent to the website. 2.Name the three most vulnerable points in e commerce environment and also
discuss why
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E Commerce And E Business Essay
Due to economic growth and information technology development, the competitive travel market is stimulating a high demand of customers for
international travel (Lin & Fu, 2012). Travel customers actively search various websites (Expedia, Priceline, Travelocity, etc.) on the Internet for travel
needs and deals (Xiang & Gretzel, 2010). The travel industry is facing drastic changes today, regarding business–to–business (B2B) e–commerce and
business–to–consumer (B2C) e–commerce, because many people are purchasing travel products and services on the Internet (Casalo, Flavian, &
Guinaliu, 2010). Travel agencies should adopt e–commerce technology into business models to increase competitive advantages and to boost marketing
activities (Abou–Shouk et al., 2013). Information and communications technology (ICT) and E–Commerce and E–Business applications have a large
impact on businesses worldwide (Iansiti & Lakhani, 2014). Internet application systems: E–commerce and Business–to–Business (B2B) has
experienced tremendous growth since 2011.
Conceptual Framework During the last decade, technological innovation has vastly changed our lives and the way that we conduct business (Dash &
Tech, 2014). Travel agents use the Internet to market products and services, provide customer service and support, perform electronic transactions, and
gather information. The Internet is known as an electronic platform that seeks to implement new technological innovations, establish new business
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Advantages and Disadvantages of E-Commerce Essay
James Davis
Advantages and Disadvantages of E–commerce
Bus 107
Debra Wilson
November 22, 2010
Abstract
In today's economy, business moves at a rapid pace and shows no sign of slowing down. Many of the revolutionary changes that have taken place and
supplied this economic engine with fuel are due to electronic commerce. The introduction of the computer into the workplace has brought about
manifold changes and seemingly unlimited possibilities for merchants. This new technology offers many advantages for businesses but there are
disadvantages as well. Each company must weigh the pros and cons while determining what direction they will take.
Advantages and Disadvantages of E–commerce Electronic commerce is a fundamental part...show more content...
(Boyer, 2001) E–commerce increases the speed in which transactions take place. Customers no longer have to wait in line to purchase items but can
now securely complete transactions online. Customers do not have to travel to pick up their merchandise but can have it shipped directly to them. If a
customer needs to contact the business, this can be done quickly via e–mail. Most companies now provide adequate information so that customers are
able to place their own orders and answer their own questions (FAQ). This is called self–sourcing and it encourages consumers to do some of the work
normally done by the business. This reduces costs and errors while also engaging the consumer. Example: Fed–Ex was a pioneer in the use of online
tracking. They allowed customers to enter a tracking number on the Fed–Ex web site and monitor their packages. This removed the operator from the
transaction, cut expenses, and satisfied the customer. It is also common for companies to set up account profiles for customers that reduces errors and
speeds up processing. Businesses can add new features to their products and services such as updates, activities, or new products. Many companies
spend large amounts of money to encourage consumers to visit their web site. Contests and prizes are often used to prompt return visits. (Boyer, 2001)
E–commerce allows companies to increase the specialization of their employees and streamline their operation.
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E–COMMERCE: ITS DEVELOPMENT AND FUTURE PERSPECTIVES
INTRODUCTION
E–commerce is a type of business where individuals, firms and companies engage in business activities over an electronic network mainly internet. It is
notable that e–commerce operates in business to consumer, business to business, consumer to business and business to business market segments . The
emergence of e–commerce can be attributed to the advent of new technologies, mail order purchasing through a catalog is possible. Currently almost
all products and services are offered through e–commerce including financial services. E–commerce has emanated from a number of technologies such
as electronic funds transfer, mobile commerce, online transaction processing, internet...show more content...
Currently e–commerce is characterized with online shopping, online advertisements and online marketing . With the current notable e–commerce
advancements, it can be viewed that it is subjected to technological changes and evolution thus e–commerce evolution is not yet over. Therefore there
is much prospective about e–commerce in the future due to changes in the ways of marketing and advertising.
FUTURE PERSPECTIVES OF E–COMMERCE
With the notable new technological wave surrounding the use of internet, e–commerce can be argued to being in the early phases. There is increased
competition in the e–commerce business and in the future there is high demand for new ways of trading and marketing over the internet, this can be
possible by the use of different domains of e–commerce . The future e–commerce perspectives are the emergence of the quantity to quality tendency
becoming popular as globalization takes its roots globally. In the future focus will likely be made on building efficient and profitable relationship
between the stakeholders of the identified e–commerce market segments . Consumer behavior is an important aspect of the expected e–commerce
boom in the future. Online retailers are expected to upgrade improving their e–commerce capabilities integrating with other new strategies. Therefore
e–commerce has a long way to go before reaching its future
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E-Commerce Literature Review
2.0 Literature Review
2.1 Introduction 2.2 Definition of e–commerce
E–business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of
operation and gain competitive advantages. E–business provides the solution that allows the organization to instantly share database, information of
products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively
and efficiently (Nguyen, 2013). E–commerce which is the abbreviation of electronic commerce is the subset of e–business. It focuses on the online
transaction which includes selling of products or service by using computer network, primarily the Internet....show more content...
Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that
frequently used by the organization is the implementation of e–commerce. Thus, the e–commerce and the online sale transaction become popular in
each industry. E–commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical
constraints.
The continuous development of Internet leads to the growth of e–commerce. The electronic commerce is growing constantly due to the continuously
increasing number of mobile and online users in the market, primarily the emerging markets. Besides that, the development of the Information
Technology (IT), such as the advance of paying processes and the improvements of shipping method also the main reason to cause the growth of
electronic commerce (John Ingham, 2015). Most consumers accept e–commerce as their feasible alternative in the purchase of goods and
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An Aim Of E Commerce Essay
E–commerce, in full, electronic commerce, is maintaining business relationships and selling information, services, and commodities by means of
computer telecommunications networks. (Zwass, 2013)
E–commerce has been discovered couple of years ago with huge things and it was running successfully as well as right now. In Bangladesh,
Government has an aim is to improve the e–commerce business.
As a business analyst, I had to identify the aims, functions, stakeholders and their relation to the e–commerce clothing business, started by Mr.
Rahman. In my work I tried to research in the aspect of Bangladesh. As a developing country the customer behaviour, their mind and market
opportunity differ from the other well developed country.
2.Aims of the Business
In the beginning every business should determine their aims of business. A business aim is the goal a business wants to achieve. When there is no
aim there is no gain. A primary aim for all business organisations is to add value and in the private sector this involves making a profit. More strategic
aims include expansion, market leadership and brand building. In following lines we will try to determine the aim of a private e–commerce clothing
store.
2.1.Break–Even
The break–even represents the sales amount that is required to cover total investment and costs. Total profit at the break–even point is zero. Although
there is no profit, no money is lost. The business goes for profit after break–even. The business need some time to
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E-Commerce Essay
The world largest computer network is the internet. With the astonishing growth of the Internet nowadays, many companies are finding new ways to
expand their business opportunities. One can even say that thereВЎВЇre almost all companies used computers in their everyday business. Thus,
E–commerce is emerging as an increasingly important way for businesses to reach potential customers.
Introduction
What exactly is e–commerce? Most casual internet users think that e–commerce is just buying and selling online. Yet this is not the case. Simply put,
e–commerce is the electronic exchange of business information between two or more organizations. There are e–commerce conducted between
businesses and those that carried out between a business and...show more content...
This also allows for you to update marketing and promotional materials as often and as frequently as you would like. With increased speeds of
communication, the delivery time is expedited and that makes the whole transaction from start to finish more efficient.
The second advantage of the electronic commerce is the opportunity to cut costs. By using the Internet, marketing, distribution, personnel, phone,
postage and printing costs, among many others, can be reduced. Companies could use the internet to search for lowest price materials for their
products. With the extra funding from cutting cost, the company could maximize their advertising and marketing strategies. ВЎВ°Online advertising
has been growing steadily since early 2003 and is on track to surpass the $10 billion annual spending level for the first time in history. Research firm
eMarketer predicts that more than $12 billion will be spent this year, double 2004 levels. By 2009, that's expected to reach $22 billion.ВЎВ± (Keith
Regan, E–Commerce Times)
The internet was also known as no boundaries. Compare to a physical store, you can start doing business in the cyberspace with low models. Unlike a
physical store, you could do your business over the world with only a few computers. To maximize profits, companies could distribute newsletters and
enhance customer services over the internet. With good customer services,
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E Commerce
Electronic commerce, commonly known as e–commerce, is a type of industry where buying and selling of product or service is conducted over
electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic
funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management
systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the
transaction's life–cycle, although it may encompass a wider range of technologies such as e–mail, mobile devices social media, and telephones as well.
Electronic commerce is...show more content...
E–commerce can be divided into:
E–tailing or "virtual storefronts" on websites with online catalogs, sometimes gathered into a "virtual mall"
The gathering and use of demographic data through Web contacts and social media
Electronic Data Interchange (EDI), the business–to–business exchange of data
E–mail and fax and their use as media for reaching prospective and established customers (for example, with newsletters)
Business–to–business buying and selling
The security of business transactions
Internationally there is the International Consumer Protection and Enforcement Network (ICPEN), which was formed in 1991 from an informal
network of government customer fair trade organisations. The purpose was stated as being to find ways of co–operating on tackling consumer
problems connected with cross–border transactions in both goods and services, and to help ensure exchanges of information among the participants for
mutual benefit and understanding. From this came econsumer, as an initiative of ICPEN since April 2001. www.econsumer.gov is a portal to report
complaints about online and related transactions with foreign companies.
There is also Asia Pacific Economic Cooperation (APEC) was established in 1989 with the vision of achieving stability, security and prosperity for the
region through free and open trade and investment. APEC has an Electronic Commerce Stearing Group as well as
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E-commerce Essay
E–commerce
Explain what is meant by the term 'E–commerce'.
It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic
commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all
inter–company and intra–company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use
electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer.
Electronic commerce also includes buying and selling over the Web, electronic funds transfer,smart cards, digital cash (e.g....show more content...
Besides, E–commerce is also considerably fast and means that the business will be more efficient.
Furthermore, saves costs, as the business does not have the costs associated with running the business. They do not have to pay for such things as
lighting, electricity, and fittings.
With ecommerce the user has the ability to search for their product without having to look around shops in a time consuming manner. In fact the
information is at their finger tips and can be accessed within minutes without even having to leave your home unlike shopping on the high street.
There are also many disadvantages to ecommerce and these are mainly to do with the exchanging of information over the internet and the security
measures that this entails. Every time a transaction is made, it is often a credit card number that is submitted over the
Internet. There are many consumers today that still refrain from the practice for fear of a third party obtaining their card numbers or other personal
information
Also, as the internet is accessed by millions and possibly billions of people every day the information that is exchanged can be accessed by people
who know how to, this information can be protected with the use of certain software and the advice of people who are experienced in this field, but this
costs money and more than often small companies who have tight profit margins do not always give the customers the protection that they
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Essay On E Commerce
Electronic commerce, commonly written as e–commerce is buying and selling of products and services by businesses and consumers over the Internet.
Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online
transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Consumers take
advantage of lower prices offer by wholesalers retailing their products. This trend is set to strengthen as web sites address consumer security and
privacy concerns. Due to the popularity of e–commerce there is a tremendous increase exchange of goods and services both regionally and globally.
Now–a–daysit has become the virtual main street of the world. This online business refers to the E–commerce which is recently moved in to
developing countries like India. Today, e–commerce has grown into a huge industry. This paper is outcome of a review of various research studies
carried out on E–commerce. The present study has been undertaken to analyze the present trends of e–commerce in India & examine the challenges &
opportunities of e–commerce in India. Keywords: E–commerce, recent trends, opportunities and challenges Introduction: E–commerce is anything that
involves an online transaction. E–commerce makes consumers to get the goods at lower cost, wider choice and saves time. E–merchandise and
E–finance are the two branches of e–commerce. E commerce
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Questions On E Commerce Strategy Essay
INTERNAL RESEARCH ASSIGNMENT Name of the Student: MANIKA GUPTA Enrollment No.: 04615903915 Course: MBA
–II Batch: 2015–2017
Shift: MORNING Section: A Subject: E–BUSINESS Subject Code: MS–114 Topic of Assignment: E–COMMERCE STRATEGY RELATED TO
BUSINESS STRATEGY Subject Teacher's Name: Ms. KHUSHBU ARORA RESEARCH ASSIGNMENT Subject: e
–BusinessSubject Code: MS–114
Semester: MBA II Sem, I Shift; Section – ABatch: 2015–17Instructor: Ms. Khushbu Arora QUESTION: Explain how e–Commerce Strategy relates to
other aspects of overall Business Strategy. SOLUTION: Dimensions of an E–commerce Strategy and is relatedness with overall business strategy:
пЃ¶Leadership The primary drivers of change and the creators of strategic vision in an organization are the CEO and senior executives. A strong
project champion is a senior executive or someone in a position to demonstrate to a senior executive the potential added value such a project could
bring to the organization. Leadership includes: 1. Keep an open mind with regard to all new technologies. 2. Don't get isolated from new
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E-Commerce Essay
ECommerce Electronic commerce, or e–commerce has developed exponentially in the last few years and has left some in the cold. The majority of
people think e–commerce is just about buying and selling things over the Internet like through auctioning sites such as E–Bay and U–Bid. However,
E–commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might
be the electronic job applications, on–line services like America online, and on–line billing that automatically pays specified bills each month so you
don't have to mail a check. E–commerce also includes buying and selling any item over the Internet, electronic banking so you can transfer funds
between...show more content...
There are several reasons why e–business is appealing to a growing amount of people. For example, e–business is based on the Internet. If you are
using the Internet, you are not bound by geography. You can access any site, anywhere in the world from the comfort of your computer chair. What
does this mean to the consumer? Now the consumer has access to several things they didn't before. The consumer now has diversity. With the entire
Internet at your fingers, in a matter of minutes you can browse several stores in several parts of the world without even leaving your home. This
allows you to compare prices and products. With e–business you are not restricted to the prices and products of you local stores. You can easily
choose the best price on the best product.
Purchasing goods electronically is becoming easier by the day. The majority of e–businesses have software set up on their web page to take and record
your order as well as your credit card and personal information. The software is set up such that you can order anything you want without having to
interact with anyone what so ever. You just have to enter your credit card number, address, and other personal information. Some people are not
comfortable with the concept of sending their credit card number or other personal information to a potential merchant over the Internet, but are more
comfortable using the
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Essay On E-Commerce Business
How to Launch an eCommerce Business on a Budget
Launching a business is not an easy thing to do – especially if you are working with a tight budget. But a tight budget can actually help you stay
focused and spend your money on things that actually matter. So, if you are looking to get into eCommerce business, here are some tips to help you
do it without spending a lot of money.
Registering your business
The first thing to do is to sort out the registration. Most of this won't cost a thing, although business registration expenses can depend on your country.
However, you need to make sure to take care of this part – not registering can end up costing you a lot more in the long term.
The most important parts to cover at this point...show more content...
Be smart with your marketing strategies
Marketing is an important part of a successful eCommrce business. The good news is that it isn't as expensive in the modern world. You already have
a website in which you can add content to entertain and inform your customers. You should also list your eCommerce business on business listing sites
to help make it easier for customers to find you.
The other strategy involves using social media to your advantage. You want to regularly post content and engage people on social media. Learn to use
hashtags to your advantage and you will notice people visiting your site more.
Use paid advertising only after you've established a good content marketing routine and a proper social media strategy. Both are relatively cost efficient
and you can automate much of your social media activity with software like Social Oomph and PostPlanner. Online ads can be help you promote the
content – Facebook Ads and Google AdWords campaigns are worth opting for.
Calculate your margins
If you don't want your eCommerce business to cost a fortune, you need to be smart at making money. You can launch lean and reinvest money to
grow your business if you just know how to make the sale. It's essential to understand the cost of keeping your site open. Calculate the operational cost
carefully in order to use the right price tag on your products. If you don't get your margins right, you are going to start losing money.
So, make sure you understand how
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Essay on E Commerce
1. Explain how Apple achieved business success through the use of information, information technology, and people.
Answer – At to begin with, Steve Jobs was pestered that he had missed the MP3 fleeting trend. Occupations was stuck on creating feature altering
programming and was ignorant to the MP3experience. Employments took the MP3 sensation data and specialty an arrangement on how Apple could
enter the MP3 market. Occupations' methodology started by bringing by and large the right individuals to embrace the iPod undertaking including Jeff
Robbin from Sound Step and his MP3 programming, an iPod improvement bunch, and an iTunes advancement bunch. Bringing aggregately the right
individuals, with the right data, and utilization of...show more content...
What apple can do is hear possibly what the customers want in technology or even possibly a design for a specific gadget. what could bring up
revenues is possibly creating new colors for an iphone or ipad. Some customers really care about the look of their phones just like the technology in it.
apple has already done that with the ipod but give the iphone and ipad a consideration in changing colors instead of buying different color cases for the
phone to attract the eyes of the customers.
Apple should definitely invest resources to build a supply chain management system. There are four main components to the supply chain system
which are strategy, partners, operation and logistics. The strategy manages all the resources required to meet customer demands. The idea of possibly
bringing in new colors to the phones and computers could be a possible strategy. Apple can use the partners component to determine the finished
products and price. The operations can help schedule the production activities and help measure the effectiveness and efficiency of the company.
Logistics would help process orders and make apple a more structured and productive company by using supply chain management.
4. Using Porter's Five Force Model, analyze Apple's buyer power and supplier power.
Answer– The five forces determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall
industry
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Australian Ecommerce Websites
ESSAY 2: Select two ecommerce websites with totally different business models and describe their business models. Select one Australian and one
International site.
Electronic commerce is the term that refers to any type of business, or commercial transaction, that involves the transfer of information across the
Internet (Le 2013). Ecommerce can include different types of businesses form consumer based retail sites such as asos.com, auction sites such as eBay
or music sites such as iTunes or Pandora (What is ecommerce 2013). As a consumer I use ecommerce websites regularly including iTunes, Asos,
Eastbay and Pandora. Ecommerce is the largest retail growth area in the world, after getting off to a relatively slow start (What is an...show more
content...
A B2C model represents the vast majority of ecommerce web sites online and is generally based in its real world counterpart, the local store. Any
business that sells directly to its customers falls into the B2C business model (Ecommerce Business Models for Your E–Business 2012). An example
of a B2C Australian ecommerce site is Kogan. Kogan is Australia's largest online retailer and are 100% Australian owned. Kogan has become one of
the fastest growing companies in Australia having delivered over 1, 000, 000 products (About Kogan 2013).
The major bonus of an ecommerce site is that it generally can cut out the middle man, making prices cheaper. For example Kogan can bring their
customers such cheap prices because it cuts out all of the middlemen, please see figure 2.
Figure 2: Kogan Supply Model (About Kogan 2013)
Due to E–Business being relatively new, there is not a lot of historical data on which to base a model on. Organisations must take into account, barriers
to entry, establishing the right fit with brand image, align with the company's culture and consider the fit and mix with its existing channels (What are
the ecommerce business models 2012).
REFERENCES:
About Kogan
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Essay On E-Commerce
Over the years, E–commerce (Electronic Commerce) has brought lot of changes in the business world. It refers to the buying and selling of goods and
services without using any paper documents to the customers through electronic medium (investorwords.com, 2016). The E–commerce was introduced
on 1970s as a transfer of funds. The development of e–commerce was fast over the countries since 2000. E–commerce is considered to be one of the
ways of increasing profits in firms. Small and medium–sized enterprises (SMEs) are determined by staff headcount and either turnover or balance sheet
total (Ec.europa.eu, 2016). SMEs have been contributing to the more economic growth and job creation (forbes.com, 2015) .SMEs has experienced
significant changes in business when they adapted to e–commerce. This essay will go through the relationship between e–commerce and
small–medium sized organization, changes and development E–Commerce has brought to the world of SMEs. The introduction of E–commerce is one
...show more content...
There are vast number of reasons why this e–commerce does not work actively, these reasons vary according to the countries and regions. The cost is
the important and crucial issue for the small firms since they do not have much investment than the larger companies. The lack of knowledge and
awareness of E–commerce world, poor business strategies, lack of skills and time to implement SMEs, fear of failure etc. Security continues to be the
most important problem for online businesses as customers have to feel confident and trust about the integrity of the payment process before they
commit to the purchase. Slow internet connections, lack of electricity supply and financial infrastructures will lead to poor e–commerce in small and
medium sized firms. There many positive and significant impact of e–commerce in small and medium sized firms such
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Essay on E-commerce
As more and more businesses look for ways to secure electronic marketing online, there is a greater need for E–commerce. Whatis.com defines
E–commerce (EC) as the "buying and selling of goods and services on the Internet. As more and more companies accept the challenge of E–commerce,
e–business security and security software is becoming a factor that corporations need to meet. We will discuss what E–commerce is and how it is used
and the advantages and disadvantages. Security systems for EC have four categories that include: Authentication: Verifies who you say you are. It
enforces that you are the only one allowed to logon to your internet banking account; Authorization: Allows only you to manipulate your resources in
specific...show more content...
EC systems are also used for the service industries. For example, online banking and brokerage services allow customers to retrieve bank statements
online, transfer funds, pay credit card bills, apply for and receive approval for a new mortgage, buy and sell securities, and get financial guidance and
information (Khusial, & McKegney, 2005). 3dCart is software that can be used for EC. The 3dCart has over 100 features to help any business grow.
Some of the features are: 24/7 free technical support, easy to use Web Administration, online support, forums, tutorials, knowledgebase and videos,
inventory control, real time shipping (UPS, FEDEX), secure PCI compliant hosting; existing website migration, Google checkout; PayPal payment, and
many other features. E–commerce is the host for 3dCart and has a 99.9% uptime. 3dCart is hosted at the largest datacenters around the United States
including: RackSpace, SoftLayer, ThePlanet, Peer1, and LiquidWeb. The servers are continuously monitored, every 60 seconds, to make sure if a
problem occurs, the technicians are able to quickly solve it by working with the datacenters. There are many EC corporations online accommodating
thousands of consumer daily. Some major corporations are Wal–Mart, J.C. Penny, Staples, Amazon, Best Buy and many others. These companies use
portals like, Yahoo, AOL, Google, and PayPal. These companies accommodate consumers that
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Advantages Of E Commerce Essay

  • 1. Advantages Of E Commerce Essay Advantages of E–Commerce E–commerce is changing how companies conduct business, and it is changing the economy (Azadi & Rahimzadeh, 2012). E–commerce applications allow companies to process different tasks simultaneously, such as: online sales, orders, deliveries, and payments (Lin et al, 2009). Traditional brick–and–mortar stores are finding it difficult to compete with online marketers. Some advantages of E–Commerce includes: cost reduction, brand recognition, globalization, competitive advantage, supply chain improvement, lead generation, profitability, etc. (Perrigot & Penard, 2013). According to Pujani et al, (2012), some advantages of incorporating e–business tools into a company's business model are: (1) sales and revenue growth; (2) distribution channel improvements; (3) access to globalized markets; (4) 24 hours operations, and more. Wen (2012) asserted that E–commerce (online shopping) provides the customers and retailers many advantages, such as: Customers: (1) wider selection of products and brands available; (2) huge amount of product and service information; and (3) access to websites 24/7. For retailers, (1) E–Commerce provides an opportunity to sell products and reach global customers instantly over the World Wide Web; (2) cost savings of doing business online; savings on rent space, labor, and storage; and (3) time saving and increase profitability. Companies can achieve competitive advantages over competitors by using McCarthy's four Get more content on HelpWriting.net
  • 2. Advantages Of E-Commerce Name: Sze Onn Yan & Lee Mun Yee Student ID: 13079397 & 14020176 Group: 7 Course Code: ENG1014 Course Name: English for Business Assignment: Argumentative/ Persuasive Essay Weightage: 15% Title of essay: E –commerce refers to the buying and selling of products and services by businesses and consumers over an electronic medium like the Internet. One of the advantages of e–commerce is that it allows businesses to promote and sell their products and services online, enabling them to reach both the local and international market conveniently. Some, on the other hand, argue that it still lacks the personal touch which is vital in business development. In your opinion, will e–commerce replace the traditional business transaction within the next ten years? Traditional business transactions have continued for 3000 years since the invention of money and is well valued and appreciated. Though most people are accepting technology as part of their lives now, the more old–fashioned ones still prefer to do things the traditional way. It is hard to convince them of the benefits technological advancement has brought to our lives with their strong opinion on tradition. Despite these old–fashioned...show more content... Nonetheless, as compared to spending on petrol and transportation, e–commerce is actually more cost saving. The transportation fee saved up by shopping online can be used to buy extra items while being charged the same shipping fees. Some e–commercial businesses even provide free delivery and some would waive off shipping fees when customers spend more than a certain amount. Besides avoiding spending on petrol and transportation, e–shoppers can also avoid the hassle of finding parking. They can 'shop' leisurely at home in their own time without the constant hammering of salespersons to look for the cheapest deal in Get more content on HelpWriting.net
  • 3. E Commerce : Assignment Questions E–Com–101:E–Commerce ASSIGNMENT QUESTIONS Set–1 1.What is a payment gate–way also discuss how does it Works. A payment gateway is an e–commerce application service provider service that authorizes credit card payments for e–businesses, online retailers, bricks and clicks, or traditional brick and mortar. sometimes it is referred to it as Internet payment service providers, can provide both a merchant account and the software tools required to process credit card purchases online. The gateway is similar to ATM machine that process credit cards online. The gateway then authorizes the card transaction and processes it through a merchant. Some popular merchant gateways are Authorize.net, ECHO, etc. payment service provider will use secure payment processing to validate the purchaser's credit card details and confirm whether the purchaser has enough moneys to complete the transaction. If the purchaser's identifications are valid and there are enough moneys to complete the transaction, payment service provider will start transfer of moneys from the purchaser's bank account to the merchant account associated with the website, and notify the website that the transaction has been accepted. If the transaction is declined for any reason ( unacceptable authorizations or lacking moneys ) no moneys will be transferred and status information will still be sent to the website. 2.Name the three most vulnerable points in e commerce environment and also discuss why Get more content on HelpWriting.net
  • 4. E Commerce And E Business Essay Due to economic growth and information technology development, the competitive travel market is stimulating a high demand of customers for international travel (Lin & Fu, 2012). Travel customers actively search various websites (Expedia, Priceline, Travelocity, etc.) on the Internet for travel needs and deals (Xiang & Gretzel, 2010). The travel industry is facing drastic changes today, regarding business–to–business (B2B) e–commerce and business–to–consumer (B2C) e–commerce, because many people are purchasing travel products and services on the Internet (Casalo, Flavian, & Guinaliu, 2010). Travel agencies should adopt e–commerce technology into business models to increase competitive advantages and to boost marketing activities (Abou–Shouk et al., 2013). Information and communications technology (ICT) and E–Commerce and E–Business applications have a large impact on businesses worldwide (Iansiti & Lakhani, 2014). Internet application systems: E–commerce and Business–to–Business (B2B) has experienced tremendous growth since 2011. Conceptual Framework During the last decade, technological innovation has vastly changed our lives and the way that we conduct business (Dash & Tech, 2014). Travel agents use the Internet to market products and services, provide customer service and support, perform electronic transactions, and gather information. The Internet is known as an electronic platform that seeks to implement new technological innovations, establish new business Get more content on HelpWriting.net
  • 5. Advantages and Disadvantages of E-Commerce Essay James Davis Advantages and Disadvantages of E–commerce Bus 107 Debra Wilson November 22, 2010 Abstract In today's economy, business moves at a rapid pace and shows no sign of slowing down. Many of the revolutionary changes that have taken place and supplied this economic engine with fuel are due to electronic commerce. The introduction of the computer into the workplace has brought about manifold changes and seemingly unlimited possibilities for merchants. This new technology offers many advantages for businesses but there are disadvantages as well. Each company must weigh the pros and cons while determining what direction they will take. Advantages and Disadvantages of E–commerce Electronic commerce is a fundamental part...show more content... (Boyer, 2001) E–commerce increases the speed in which transactions take place. Customers no longer have to wait in line to purchase items but can now securely complete transactions online. Customers do not have to travel to pick up their merchandise but can have it shipped directly to them. If a customer needs to contact the business, this can be done quickly via e–mail. Most companies now provide adequate information so that customers are able to place their own orders and answer their own questions (FAQ). This is called self–sourcing and it encourages consumers to do some of the work normally done by the business. This reduces costs and errors while also engaging the consumer. Example: Fed–Ex was a pioneer in the use of online tracking. They allowed customers to enter a tracking number on the Fed–Ex web site and monitor their packages. This removed the operator from the transaction, cut expenses, and satisfied the customer. It is also common for companies to set up account profiles for customers that reduces errors and speeds up processing. Businesses can add new features to their products and services such as updates, activities, or new products. Many companies spend large amounts of money to encourage consumers to visit their web site. Contests and prizes are often used to prompt return visits. (Boyer, 2001) E–commerce allows companies to increase the specialization of their employees and streamline their operation. Get more content on HelpWriting.net
  • 6. E–COMMERCE: ITS DEVELOPMENT AND FUTURE PERSPECTIVES INTRODUCTION E–commerce is a type of business where individuals, firms and companies engage in business activities over an electronic network mainly internet. It is notable that e–commerce operates in business to consumer, business to business, consumer to business and business to business market segments . The emergence of e–commerce can be attributed to the advent of new technologies, mail order purchasing through a catalog is possible. Currently almost all products and services are offered through e–commerce including financial services. E–commerce has emanated from a number of technologies such as electronic funds transfer, mobile commerce, online transaction processing, internet...show more content... Currently e–commerce is characterized with online shopping, online advertisements and online marketing . With the current notable e–commerce advancements, it can be viewed that it is subjected to technological changes and evolution thus e–commerce evolution is not yet over. Therefore there is much prospective about e–commerce in the future due to changes in the ways of marketing and advertising. FUTURE PERSPECTIVES OF E–COMMERCE With the notable new technological wave surrounding the use of internet, e–commerce can be argued to being in the early phases. There is increased competition in the e–commerce business and in the future there is high demand for new ways of trading and marketing over the internet, this can be possible by the use of different domains of e–commerce . The future e–commerce perspectives are the emergence of the quantity to quality tendency becoming popular as globalization takes its roots globally. In the future focus will likely be made on building efficient and profitable relationship between the stakeholders of the identified e–commerce market segments . Consumer behavior is an important aspect of the expected e–commerce boom in the future. Online retailers are expected to upgrade improving their e–commerce capabilities integrating with other new strategies. Therefore e–commerce has a long way to go before reaching its future Get more content on HelpWriting.net
  • 7. E-Commerce Literature Review 2.0 Literature Review 2.1 Introduction 2.2 Definition of e–commerce E–business uses the digital technology to optimize the business activities of organization in order to increase the efficiency and effectiveness of operation and gain competitive advantages. E–business provides the solution that allows the organization to instantly share database, information of products and services, financial figures and data and nearly anything else that the organization may need to operate the business activities effectively and efficiently (Nguyen, 2013). E–commerce which is the abbreviation of electronic commerce is the subset of e–business. It focuses on the online transaction which includes selling of products or service by using computer network, primarily the Internet....show more content... Many organizations industriously look for the opportunity to gain the competitive advantages in their industries. One of the opportunities that frequently used by the organization is the implementation of e–commerce. Thus, the e–commerce and the online sale transaction become popular in each industry. E–commerce provides many benefits, such as the saving of shopping time, the cost savings, convenience, and free from geographical constraints. The continuous development of Internet leads to the growth of e–commerce. The electronic commerce is growing constantly due to the continuously increasing number of mobile and online users in the market, primarily the emerging markets. Besides that, the development of the Information Technology (IT), such as the advance of paying processes and the improvements of shipping method also the main reason to cause the growth of electronic commerce (John Ingham, 2015). Most consumers accept e–commerce as their feasible alternative in the purchase of goods and Get more content on HelpWriting.net
  • 8. An Aim Of E Commerce Essay E–commerce, in full, electronic commerce, is maintaining business relationships and selling information, services, and commodities by means of computer telecommunications networks. (Zwass, 2013) E–commerce has been discovered couple of years ago with huge things and it was running successfully as well as right now. In Bangladesh, Government has an aim is to improve the e–commerce business. As a business analyst, I had to identify the aims, functions, stakeholders and their relation to the e–commerce clothing business, started by Mr. Rahman. In my work I tried to research in the aspect of Bangladesh. As a developing country the customer behaviour, their mind and market opportunity differ from the other well developed country. 2.Aims of the Business In the beginning every business should determine their aims of business. A business aim is the goal a business wants to achieve. When there is no aim there is no gain. A primary aim for all business organisations is to add value and in the private sector this involves making a profit. More strategic aims include expansion, market leadership and brand building. In following lines we will try to determine the aim of a private e–commerce clothing store. 2.1.Break–Even The break–even represents the sales amount that is required to cover total investment and costs. Total profit at the break–even point is zero. Although there is no profit, no money is lost. The business goes for profit after break–even. The business need some time to Get more content on HelpWriting.net
  • 9. E-Commerce Essay The world largest computer network is the internet. With the astonishing growth of the Internet nowadays, many companies are finding new ways to expand their business opportunities. One can even say that thereВЎВЇre almost all companies used computers in their everyday business. Thus, E–commerce is emerging as an increasingly important way for businesses to reach potential customers. Introduction What exactly is e–commerce? Most casual internet users think that e–commerce is just buying and selling online. Yet this is not the case. Simply put, e–commerce is the electronic exchange of business information between two or more organizations. There are e–commerce conducted between businesses and those that carried out between a business and...show more content... This also allows for you to update marketing and promotional materials as often and as frequently as you would like. With increased speeds of communication, the delivery time is expedited and that makes the whole transaction from start to finish more efficient. The second advantage of the electronic commerce is the opportunity to cut costs. By using the Internet, marketing, distribution, personnel, phone, postage and printing costs, among many others, can be reduced. Companies could use the internet to search for lowest price materials for their products. With the extra funding from cutting cost, the company could maximize their advertising and marketing strategies. ВЎВ°Online advertising has been growing steadily since early 2003 and is on track to surpass the $10 billion annual spending level for the first time in history. Research firm eMarketer predicts that more than $12 billion will be spent this year, double 2004 levels. By 2009, that's expected to reach $22 billion.ВЎВ± (Keith Regan, E–Commerce Times) The internet was also known as no boundaries. Compare to a physical store, you can start doing business in the cyberspace with low models. Unlike a physical store, you could do your business over the world with only a few computers. To maximize profits, companies could distribute newsletters and enhance customer services over the internet. With good customer services, Get more content on HelpWriting.net
  • 10. E Commerce Electronic commerce, commonly known as e–commerce, is a type of industry where buying and selling of product or service is conducted over electronic systems such as the Internet and other computer networks. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Modern electronic commerce typically uses the World Wide Web at least at one point in the transaction's life–cycle, although it may encompass a wider range of technologies such as e–mail, mobile devices social media, and telephones as well. Electronic commerce is...show more content... E–commerce can be divided into: E–tailing or "virtual storefronts" on websites with online catalogs, sometimes gathered into a "virtual mall" The gathering and use of demographic data through Web contacts and social media Electronic Data Interchange (EDI), the business–to–business exchange of data E–mail and fax and their use as media for reaching prospective and established customers (for example, with newsletters) Business–to–business buying and selling The security of business transactions Internationally there is the International Consumer Protection and Enforcement Network (ICPEN), which was formed in 1991 from an informal network of government customer fair trade organisations. The purpose was stated as being to find ways of co–operating on tackling consumer problems connected with cross–border transactions in both goods and services, and to help ensure exchanges of information among the participants for mutual benefit and understanding. From this came econsumer, as an initiative of ICPEN since April 2001. www.econsumer.gov is a portal to report complaints about online and related transactions with foreign companies. There is also Asia Pacific Economic Cooperation (APEC) was established in 1989 with the vision of achieving stability, security and prosperity for the region through free and open trade and investment. APEC has an Electronic Commerce Stearing Group as well as Get more content on HelpWriting.net
  • 11. E-commerce Essay E–commerce Explain what is meant by the term 'E–commerce'. It is the conducting of business communication and transactions over networks and through computers. As most restrictively defined, electronic commerce is the buying and selling of goods and services, and the transfer of funds, through digital communications. However EC also includes all inter–company and intra–company functions (such as marketing, finance, manufacturing, selling, and negotiation) that enable commerce and use electronic mail, EDI, file transfer, fax, video conferencing, workflow, or interaction with a remote computer. Electronic commerce also includes buying and selling over the Web, electronic funds transfer,smart cards, digital cash (e.g....show more content... Besides, E–commerce is also considerably fast and means that the business will be more efficient. Furthermore, saves costs, as the business does not have the costs associated with running the business. They do not have to pay for such things as lighting, electricity, and fittings. With ecommerce the user has the ability to search for their product without having to look around shops in a time consuming manner. In fact the information is at their finger tips and can be accessed within minutes without even having to leave your home unlike shopping on the high street. There are also many disadvantages to ecommerce and these are mainly to do with the exchanging of information over the internet and the security measures that this entails. Every time a transaction is made, it is often a credit card number that is submitted over the Internet. There are many consumers today that still refrain from the practice for fear of a third party obtaining their card numbers or other personal information Also, as the internet is accessed by millions and possibly billions of people every day the information that is exchanged can be accessed by people who know how to, this information can be protected with the use of certain software and the advice of people who are experienced in this field, but this costs money and more than often small companies who have tight profit margins do not always give the customers the protection that they
  • 12. Get more content on HelpWriting.net
  • 13. Essay On E Commerce Electronic commerce, commonly written as e–commerce is buying and selling of products and services by businesses and consumers over the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. Consumers take advantage of lower prices offer by wholesalers retailing their products. This trend is set to strengthen as web sites address consumer security and privacy concerns. Due to the popularity of e–commerce there is a tremendous increase exchange of goods and services both regionally and globally. Now–a–daysit has become the virtual main street of the world. This online business refers to the E–commerce which is recently moved in to developing countries like India. Today, e–commerce has grown into a huge industry. This paper is outcome of a review of various research studies carried out on E–commerce. The present study has been undertaken to analyze the present trends of e–commerce in India & examine the challenges & opportunities of e–commerce in India. Keywords: E–commerce, recent trends, opportunities and challenges Introduction: E–commerce is anything that involves an online transaction. E–commerce makes consumers to get the goods at lower cost, wider choice and saves time. E–merchandise and E–finance are the two branches of e–commerce. E commerce Get more content on HelpWriting.net
  • 14. Questions On E Commerce Strategy Essay INTERNAL RESEARCH ASSIGNMENT Name of the Student: MANIKA GUPTA Enrollment No.: 04615903915 Course: MBA –II Batch: 2015–2017 Shift: MORNING Section: A Subject: E–BUSINESS Subject Code: MS–114 Topic of Assignment: E–COMMERCE STRATEGY RELATED TO BUSINESS STRATEGY Subject Teacher's Name: Ms. KHUSHBU ARORA RESEARCH ASSIGNMENT Subject: e –BusinessSubject Code: MS–114 Semester: MBA II Sem, I Shift; Section – ABatch: 2015–17Instructor: Ms. Khushbu Arora QUESTION: Explain how e–Commerce Strategy relates to other aspects of overall Business Strategy. SOLUTION: Dimensions of an E–commerce Strategy and is relatedness with overall business strategy: пЃ¶Leadership The primary drivers of change and the creators of strategic vision in an organization are the CEO and senior executives. A strong project champion is a senior executive or someone in a position to demonstrate to a senior executive the potential added value such a project could bring to the organization. Leadership includes: 1. Keep an open mind with regard to all new technologies. 2. Don't get isolated from new Get more content on HelpWriting.net
  • 15. E-Commerce Essay ECommerce Electronic commerce, or e–commerce has developed exponentially in the last few years and has left some in the cold. The majority of people think e–commerce is just about buying and selling things over the Internet like through auctioning sites such as E–Bay and U–Bid. However, E–commerce is a broad term describing the electronic exchange of business data between two or more organizations' computers. Some examples might be the electronic job applications, on–line services like America online, and on–line billing that automatically pays specified bills each month so you don't have to mail a check. E–commerce also includes buying and selling any item over the Internet, electronic banking so you can transfer funds between...show more content... There are several reasons why e–business is appealing to a growing amount of people. For example, e–business is based on the Internet. If you are using the Internet, you are not bound by geography. You can access any site, anywhere in the world from the comfort of your computer chair. What does this mean to the consumer? Now the consumer has access to several things they didn't before. The consumer now has diversity. With the entire Internet at your fingers, in a matter of minutes you can browse several stores in several parts of the world without even leaving your home. This allows you to compare prices and products. With e–business you are not restricted to the prices and products of you local stores. You can easily choose the best price on the best product. Purchasing goods electronically is becoming easier by the day. The majority of e–businesses have software set up on their web page to take and record your order as well as your credit card and personal information. The software is set up such that you can order anything you want without having to interact with anyone what so ever. You just have to enter your credit card number, address, and other personal information. Some people are not comfortable with the concept of sending their credit card number or other personal information to a potential merchant over the Internet, but are more comfortable using the Get more content on HelpWriting.net
  • 16. Essay On E-Commerce Business How to Launch an eCommerce Business on a Budget Launching a business is not an easy thing to do – especially if you are working with a tight budget. But a tight budget can actually help you stay focused and spend your money on things that actually matter. So, if you are looking to get into eCommerce business, here are some tips to help you do it without spending a lot of money. Registering your business The first thing to do is to sort out the registration. Most of this won't cost a thing, although business registration expenses can depend on your country. However, you need to make sure to take care of this part – not registering can end up costing you a lot more in the long term. The most important parts to cover at this point...show more content... Be smart with your marketing strategies Marketing is an important part of a successful eCommrce business. The good news is that it isn't as expensive in the modern world. You already have a website in which you can add content to entertain and inform your customers. You should also list your eCommerce business on business listing sites to help make it easier for customers to find you. The other strategy involves using social media to your advantage. You want to regularly post content and engage people on social media. Learn to use hashtags to your advantage and you will notice people visiting your site more. Use paid advertising only after you've established a good content marketing routine and a proper social media strategy. Both are relatively cost efficient and you can automate much of your social media activity with software like Social Oomph and PostPlanner. Online ads can be help you promote the content – Facebook Ads and Google AdWords campaigns are worth opting for. Calculate your margins
  • 17. If you don't want your eCommerce business to cost a fortune, you need to be smart at making money. You can launch lean and reinvest money to grow your business if you just know how to make the sale. It's essential to understand the cost of keeping your site open. Calculate the operational cost carefully in order to use the right price tag on your products. If you don't get your margins right, you are going to start losing money. So, make sure you understand how Get more content on HelpWriting.net
  • 18. Essay on E Commerce 1. Explain how Apple achieved business success through the use of information, information technology, and people. Answer – At to begin with, Steve Jobs was pestered that he had missed the MP3 fleeting trend. Occupations was stuck on creating feature altering programming and was ignorant to the MP3experience. Employments took the MP3 sensation data and specialty an arrangement on how Apple could enter the MP3 market. Occupations' methodology started by bringing by and large the right individuals to embrace the iPod undertaking including Jeff Robbin from Sound Step and his MP3 programming, an iPod improvement bunch, and an iTunes advancement bunch. Bringing aggregately the right individuals, with the right data, and utilization of...show more content... What apple can do is hear possibly what the customers want in technology or even possibly a design for a specific gadget. what could bring up revenues is possibly creating new colors for an iphone or ipad. Some customers really care about the look of their phones just like the technology in it. apple has already done that with the ipod but give the iphone and ipad a consideration in changing colors instead of buying different color cases for the phone to attract the eyes of the customers. Apple should definitely invest resources to build a supply chain management system. There are four main components to the supply chain system which are strategy, partners, operation and logistics. The strategy manages all the resources required to meet customer demands. The idea of possibly bringing in new colors to the phones and computers could be a possible strategy. Apple can use the partners component to determine the finished products and price. The operations can help schedule the production activities and help measure the effectiveness and efficiency of the company. Logistics would help process orders and make apple a more structured and productive company by using supply chain management. 4. Using Porter's Five Force Model, analyze Apple's buyer power and supplier power. Answer– The five forces determine the competitive intensity and therefore attractiveness of a market. Attractiveness in this context refers to the overall industry Get more content on HelpWriting.net
  • 19. Australian Ecommerce Websites ESSAY 2: Select two ecommerce websites with totally different business models and describe their business models. Select one Australian and one International site. Electronic commerce is the term that refers to any type of business, or commercial transaction, that involves the transfer of information across the Internet (Le 2013). Ecommerce can include different types of businesses form consumer based retail sites such as asos.com, auction sites such as eBay or music sites such as iTunes or Pandora (What is ecommerce 2013). As a consumer I use ecommerce websites regularly including iTunes, Asos, Eastbay and Pandora. Ecommerce is the largest retail growth area in the world, after getting off to a relatively slow start (What is an...show more content... A B2C model represents the vast majority of ecommerce web sites online and is generally based in its real world counterpart, the local store. Any business that sells directly to its customers falls into the B2C business model (Ecommerce Business Models for Your E–Business 2012). An example of a B2C Australian ecommerce site is Kogan. Kogan is Australia's largest online retailer and are 100% Australian owned. Kogan has become one of the fastest growing companies in Australia having delivered over 1, 000, 000 products (About Kogan 2013). The major bonus of an ecommerce site is that it generally can cut out the middle man, making prices cheaper. For example Kogan can bring their customers such cheap prices because it cuts out all of the middlemen, please see figure 2. Figure 2: Kogan Supply Model (About Kogan 2013) Due to E–Business being relatively new, there is not a lot of historical data on which to base a model on. Organisations must take into account, barriers to entry, establishing the right fit with brand image, align with the company's culture and consider the fit and mix with its existing channels (What are the ecommerce business models 2012). REFERENCES: About Kogan
  • 20. Get more content on HelpWriting.net
  • 21. Essay On E-Commerce Over the years, E–commerce (Electronic Commerce) has brought lot of changes in the business world. It refers to the buying and selling of goods and services without using any paper documents to the customers through electronic medium (investorwords.com, 2016). The E–commerce was introduced on 1970s as a transfer of funds. The development of e–commerce was fast over the countries since 2000. E–commerce is considered to be one of the ways of increasing profits in firms. Small and medium–sized enterprises (SMEs) are determined by staff headcount and either turnover or balance sheet total (Ec.europa.eu, 2016). SMEs have been contributing to the more economic growth and job creation (forbes.com, 2015) .SMEs has experienced significant changes in business when they adapted to e–commerce. This essay will go through the relationship between e–commerce and small–medium sized organization, changes and development E–Commerce has brought to the world of SMEs. The introduction of E–commerce is one ...show more content... There are vast number of reasons why this e–commerce does not work actively, these reasons vary according to the countries and regions. The cost is the important and crucial issue for the small firms since they do not have much investment than the larger companies. The lack of knowledge and awareness of E–commerce world, poor business strategies, lack of skills and time to implement SMEs, fear of failure etc. Security continues to be the most important problem for online businesses as customers have to feel confident and trust about the integrity of the payment process before they commit to the purchase. Slow internet connections, lack of electricity supply and financial infrastructures will lead to poor e–commerce in small and medium sized firms. There many positive and significant impact of e–commerce in small and medium sized firms such Get more content on HelpWriting.net
  • 22. Essay on E-commerce As more and more businesses look for ways to secure electronic marketing online, there is a greater need for E–commerce. Whatis.com defines E–commerce (EC) as the "buying and selling of goods and services on the Internet. As more and more companies accept the challenge of E–commerce, e–business security and security software is becoming a factor that corporations need to meet. We will discuss what E–commerce is and how it is used and the advantages and disadvantages. Security systems for EC have four categories that include: Authentication: Verifies who you say you are. It enforces that you are the only one allowed to logon to your internet banking account; Authorization: Allows only you to manipulate your resources in specific...show more content... EC systems are also used for the service industries. For example, online banking and brokerage services allow customers to retrieve bank statements online, transfer funds, pay credit card bills, apply for and receive approval for a new mortgage, buy and sell securities, and get financial guidance and information (Khusial, & McKegney, 2005). 3dCart is software that can be used for EC. The 3dCart has over 100 features to help any business grow. Some of the features are: 24/7 free technical support, easy to use Web Administration, online support, forums, tutorials, knowledgebase and videos, inventory control, real time shipping (UPS, FEDEX), secure PCI compliant hosting; existing website migration, Google checkout; PayPal payment, and many other features. E–commerce is the host for 3dCart and has a 99.9% uptime. 3dCart is hosted at the largest datacenters around the United States including: RackSpace, SoftLayer, ThePlanet, Peer1, and LiquidWeb. The servers are continuously monitored, every 60 seconds, to make sure if a problem occurs, the technicians are able to quickly solve it by working with the datacenters. There are many EC corporations online accommodating thousands of consumer daily. Some major corporations are Wal–Mart, J.C. Penny, Staples, Amazon, Best Buy and many others. These companies use portals like, Yahoo, AOL, Google, and PayPal. These companies accommodate consumers that Get more content on HelpWriting.net