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Merits of E business

Reduced costs.

No geographical limitations.

Wide variety of options and ability to compare products.

Abundant information.

Customers can access it at any time unlike shops which have to close at a certain time.

It increases customer base.

Resources

Power-- electricity

Electronics

Internet connection

Trained personnel- IT professionals

Well designed user friendly website

Goodwill-- trust of customers

Secure payment system

If they do not have E business:

Difficult to compete with larger firms due to narrow coverage

Higher costs

Lower customer base

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Merits of E

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It reduces costs.

E-Commerce helps to simplify the business processes and make them faster and efficient.

E-Commerce reduces paper work a lot.

it improves the brand image of the company.

Resources required for the successful implementation of e-commerce:
1)well designed website
2)internet connection /power
3)IT professionals
4)computer system

What happens if they don't set up an e-commerce business:
1)higher overhead costs

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Benefits of E-commerce:
1)Low initial cost- companies do not need to buy or rent shops
2) Always avaluble- customers can access the website at any time unlike a ship which closes at a certain time
3)Easy accessibility- the website can be accessed by anyone with a computer and an internet connection

Resources required:
1) electrical and internet connection
2) working computer
3) user friendly website
4) trained employees
5) secure payment system

If they don't set up an E-commerce business:
1) customer base will drastically decrease
2)high set up cost
3)it will cost more to run the business

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Benefits of E-commerce for the company are-

1. Reduces Costs - the suppliers can reduce costs to manage their inventory of goods because they can automate the inventory management using web-based management systems. This method indirectly can save their operational costs. It also reduces advertising costs as advertisements can be updated easily using software technology. It also cuts down a majority of labor costs.

2. Reaching Global Market- It expands the marketplace from local and regional markets to national and international markets with minimal capital outlay, equipment, space, or staff. There are no geographical restrictions.

3.  Increasing customer base. The customer base is every business’s main concern, online or off. When online, a business doesn’t have to worry about getting the best property in town, people from around the world have access to their products and can come back at anytime.

Resources required-
-A well designed website
-Computer systems
-IT Professionals (qualified employees)
-Secure online payment system

What happens if they don't set up an E-Commerce Business-
-The company will have a smaller customer base as fewer customers will know about them. They will be making lower profits and incurring higher costs.
-It will be difficult to compete with larger firms due to narrow coverage.

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Benefits of E-Commerce:
1) Lower costs
2) There are no geographical limitations
3) Customers have a variety of options and can compare
4) Websites provide abundant information
5) Convenient and saves the customers time

Resources required:
1) Internet connection
2) Computer system
3) A well-designed website
4) Qualified IT staff
5) Reliable system for making payments

If they don't set-up an E-Commerce:
1) Heavy overhead expenses
2) Limited scope of business
3) Increase in middlemen
4) Reduced competition

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Benefits of e-commerce for the company are-
1)less payment over factors of production and infrastructure
2)The organization of all the products becomes easier
3)The company can expand the company to national and international market with minimum investment
4)Paperwork which often leads to delay is reduced.
5)improves brand image of the company.

Resources required for successful implementation of e-commerce are:
-a website
-professionals at IT
-secure billing system
-Use of better softwares to avoid crashing of the website

If they don't set up an e-commerce :
-Advertising of the product will decrease
-high payments over factors of production

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Benefits of E-Commerce for the company-
1) It enables firms to approach a larger number of consumers who have access to the internet.
2) The overhead costs undertaken by the firm are reduced significantly since advertising and marketing costs are reduced. (the goods are advertised online itself)
3) E-Commerce websites are open 24/7, enabling sales to take place at anytime of the day.
4) It helps the company understand the preferences of their buyers by having access to the information regarding products bought by the customers.

Resources required-
1) A well-designed website
2) Adequate computer systems
3) Well educated and qualified IT staff
4) Professional network
5) A good payment mechanism

What happens if they don't set up an E-Business-
1) Few customers- not everyone will be aware of the products sold by the company, customers will not have the benefit of purchasing commodities from the comfort of their own home.
2) Overhead costs will be higher- the company has to incur extra advertising and marketing costs

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Commerce Hw
Benefitsof e-commerce for their business:
-It will be able to compete with larger companies without physically expanding
-It will be able to reach a larger number of customers and not be restricted to the location of its physical stores
-It will be able to increase its profits and cut costs that would have otherwise been spent on setting up a new store. It could use that saved money by offering customers discounts thus making their products more attractive to the customers and leading to an increase in sales.
-Since the company already sells the latest models of mobile phones, with the right marketing, the website could be popular within days.
Main resources required:
-Computer literate staff or IT support
-Website
If they don't set up an e commerce business:
-their growth will be restricted
-high overhead costs for expansion
-limited number of customers
-will not be able to compete with larger companies

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BENEFITS:
Overcome geographical limitations
2)lower costs
3)time saving

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Easy to sell:
Stationery
Food
Glasses
Lenses
Difficult to sell:
L

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Things that can sold online
Second hand electronic
Cars
Accessories

Things that can't be sold
Illegal items
Perishables

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easy to sell:
laptops
cosmetics
tv's
accessories
tools

Difficult to sell:
expensive jewellery
diamonds
gold
perishable goods
lel

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Difficult to sell:
-Food products as it is perishable
-animals
-Jewellery as the quality of the gems cannot be trusted
-Medicines as huge possibility of faulty or low quality drugs
-Machinery used in factories
-Goods of artistic quality as high possibility of forgeries

Easy to sell:
-Electronics
-Books due to wide variety which may not be available in regular book stores
-
-

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Cosmetics
Phone covers
Stationary
Customized items
Books

Food
Paintings - luxury goods
Electronics
Plant and machinery
Medical items
Helpers

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EASY TO SELL
Phone covers
Clothes
Furniture
Television
Grocery
DIFFICULT TO SELL
Water
Toys
Pet supplies
Medicines
Paintings
Flats and building

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Easy to sell:
Electronics
Accessories ( watches, belts etc)
Difficult to sell
Clothes ( size, colour

# data[].attributes.body
Things that can be sold online-
Perfumes
Food
Cosmetics
Electronics
Books

Things that cannot be sold online -
Custom made clothes
Furniture
Shoes
Cars

# data[].attributes.body
Easy-
1) Electronics (durable and high in demand)
2) accessories for electronics
3) stationery
4) beauty products
5) books

Difficult-
1) food (perishable)
2) furniture (difficult to assemble)
3) clothes (lack of sampling)
4) jewellery ( can break & possibility of fraud)
5) goods of auction

# data[].attributes.body
Easy to sell :
Clothes - it's a necessity , convenience
Movie tickets - online offers and saves time
Electronics - cheaper online
Books - availability and convenience
Cosmetics -
Difficult to sell :
Shoes : size confusion
Perishable food
Illegal items
Guns - needs an identification card

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Merits-

Worldwide access

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Merits:

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Demerits
Uncertainity of quality of product
Less security due to giving of credit card number
Unaccessible to areas without internet

# data[].attributes.body
Merits
Time saving
Global scope
Government support
convenient
Cheap
Demerits
No  personal touch
Lack of security

# data[].attributes.body
merits:
-ownership
-low setup costs
-speed and efficiency
-competitiveness
demerits:
-security
-sectorial limitations
-site integrity
-customer service and relation problem.