E-Commerce - merits and demerits of e-businesses by Rajani Roshan https://padlet.com/rajanirajan91/nfu5fvxx9xs8 en-us 2015-10-20 04:22:15 UTC 2024-07-26 23:24:00 UTC hello@padlet.com shivani and sahima https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125623392 merits:
-ownership
-low setup costs
-speed and efficiency
-competitiveness
demerits:
-security
-sectorial limitations
-site integrity
-customer service and relation problem.

]]> 2016-09-22 07:25:45 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125623392 Sarrah and Anika  https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125623437 Merits
Time saving
Global scope
Government support
convenient
Cheap
Demerits 
No  personal touch 
Lack of security 

]]> 2016-09-22 07:26:11 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125623437 Tsvara&Angelina https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125623514 Demerits
Uncertainity of quality of product
Less security due to giving of credit card number 
Unaccessible to areas without internet]]> 2016-09-22 07:26:49 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125623514 Ramyani & Shriya https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125623822 Merits: ]]> 2016-09-22 07:28:31 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125623822 Ramyani & Shriya https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125624208 Merits-

Worldwide access

]]> 2016-09-22 07:31:05 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125624208 Merits and demerits  https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125627943  ]]> 2016-09-22 07:51:36 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/125627943 rajanirajan91 https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126277397 2016-09-26 07:17:56 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126277397 Sakina,Smriti and Sara https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126277799 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 







]]> 2016-09-26 07:20:38 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126277799 Ramyani and Shriya https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126277827 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]]> 2016-09-26 07:20:49 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126277827 Araish  https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126277847 2016-09-26 07:20:54 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126277847 Tanisha and aditiya https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278018 Things that can be sold online- 
Perfumes
Food
Cosmetics
Electronics 
Books

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



]]> 2016-09-26 07:21:51 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278018 Araish and divya https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278097 Easy to sell:
Electronics 
Accessories ( watches, belts etc)
Difficult to sell 
Clothes ( size, colour

]]> 2016-09-26 07:22:15 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278097 Vands and Anika  https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278147 EASY TO SELL
Phone covers
Clothes
Furniture
Television
Grocery
DIFFICULT TO SELL
Water 
Toys 
Pet supplies 
Medicines 
Paintings 
Flats and building


]]> 2016-09-26 07:22:32 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278147 Tanvi and niveditha https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278209 Cosmetics
Phone covers 
Stationary 
Customized items 
Books  

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

]]> 2016-09-26 07:22:55 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278209 Riya and Joanne Anon12345678910 https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278532 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
- 
-

]]> 2016-09-26 07:24:45 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278532 Shivani and sahima https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278549 easy to sell:
laptops
cosmetics 
tv's
accessories 
tools

Difficult to sell:
expensive jewellery 
diamonds
gold
perishable goods
lel

]]> 2016-09-26 07:24:51 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278549 Angelina and tsvara tsvaras https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278673 Things that can sold online 
Second hand electronic
Cars
Accessories

Things that can't be sold
Illegal items
Perishables

]]> 2016-09-26 07:25:37 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126278673 Divya and Araish  https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126279141 Easy to sell:
Stationery 
Food
Glasses 
Lenses 
Difficult to sell: 
L]]> 2016-09-26 07:28:36 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126279141 RISKS OF E-BUSINESS📵🚷 https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126282038 2016-09-26 07:45:06 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126282038 https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126283643 2016-09-26 07:54:49 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126283643 Tanvi https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126416084 BENEFITS:
Overcome geographical limitations 
2)lower costs
3)time saving 

]]> 2016-09-26 15:40:54 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126416084 Riya Anon12345678910 https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126419237 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

]]> 2016-09-26 15:47:40 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126419237 https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126424136 2016-09-26 15:59:15 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126424136 Shriya https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126444223 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
 ]]> 2016-09-26 16:54:25 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126444223 Tanvi https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126454382 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]]> 2016-09-26 17:21:49 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126454382 Sakina https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126457071 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



]]> 2016-09-26 17:29:21 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126457071 Niveditha https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126457256 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.


     

]]> 2016-09-26 17:29:59 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126457256 Tsvara https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126463663 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

]]> 2016-09-26 17:48:50 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126463663 Nain Nain https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126503376
  • 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 


]]> 2016-09-26 19:48:58 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126503376 Anjali https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126759404 Merits of E]]> 2016-09-27 17:36:56 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126759404 Anjali https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126778832 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
]]> 2016-09-27 18:27:27 UTC https://padlet.com/rajanirajan91/nfu5fvxx9xs8/wish/126778832