XSIQ
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Information Technology - Issues and effects of changes to information
systems: increased or decreased profits from conducting electronic sales
via the Internet
Increased or decreased profits from conducting electronic sales via the
Internet.
Image.
There has been a strong push for companies to create a presence on the
Internet as a way of boosting sales. It is claimed by supporters of
electronic commerce, or e-commerce, that the Internet will open up larger
markets to organisations. There has been a mixed reaction to this
phenomenon. Some companies have recorded an increase in sales due to the
Internet and the ability for a customer to shop electronically. Others have
found this system to be an expensive and unsuccessful venture.
Click here for discussion questions on electronic sales.
Discussion questions;
Increased or decreased profits from conducting electronic sales via the Internet
1. What are the sort of costs a company would have to consider if it wanted to sell its products over the Internet?
2. What are the attractions of e-commerce to a small, local company?
3.What dangers, which would affect value of sales and profit, would companies have to take into account when considering e-commerce (Think of how orders can be authenticated and paid for)?
4. To what extent can organisations depend solely on Internet-based trade and advertising
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Internet sales can create Diveristy as a whole. Now the system is global which is great for production and increase in revenue.
Increased profits are most definitely a pro when it comes to keeping up with marketing strategies.
Globalization has taken the whole World into e-commerce, the only way to move on your business is to go online and showcase your products. As for #1 in the disscussion questions: 1. What are the sort of costs a company would have to consider if it wanted to sell its products over the Internet? First the cost of the designing the website and cost mailing. #2. What are the attractions of e-commerce to a small, local company? Increase sales will occur and small companies will have tendency of expandition and it will be known locally and internationally.
With the help of ecommerce, these local and small companies will become large in terms of sales and equally they may become renown both locally and internationally if ecommerce gave them higher profits.
According to my opinion, local or small organisations will have lager markets both locally and international after practising ecommerce.
Again, ecommerce reduces cost incurred to transport the in question to its destination, thus a reduction of ongoing cost of the company which might be used for other things in the organisation.
1. The biggest advantage of using the Internet for business is its cost effectiveness, your cost will be based on the size of your inventory, what your business does and your overall requirements like features, designs, multi-channels, social and mobile. 2. an ecommerce website is not free, however when you compare the operating costs of an eCommerce store with those of a brick and mortar store you will quickly realize that operating an online store is dramatically cheaper. another attraction is the fact that In an eCommerce store you aren’t limited to any specific geographical location. Since the web is accessed by people from all over the world. 3. Before setting up an online store, an SSL (secure socket layer) certificate is needed, the online payment gateway is the interface that processes online payment information (credit cards, checks) etc. 4. The extent which a company may depend solely on internet-based trade an advertising would depend greatly on the records of that company, whether there is substantial increase in sales/profits as a result of the Internet and the ability for a customer to shop electronically.
With the help of ecommerce, these local and small companies will become large in terms of sales and equally they may become renown both locally and internationally if ecommerce gave them higher profits.
1,you have to know what will cost you to put your business in a global village 2,is making your business well knew around the world 3,fees matter 4,at every time
What dangers, which would affect value of sales and profit, would companies have to take into account when considering e-commerce (Think of how orders can be authenticated and paid for)?