Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … online selling small businesses. • Identify benefits costs online retailing i) small businesses online retailing ii) small business online retailing. • Explain online retailing affect financial management existing small business chooses move online retailing.
Online Selling
The following pages focus on identifying and discussing the impact that online selling has on small businesses. The paper intends to address issues like benefits and costs associated with online retailing. In order to provide information that can be used in understanding the factors that influence this process, the paper presents the situation of small businesses that use online retailing, but also of those that do not use this type of retailing. This comparison is intended to help readers better understand the data collected by the research process.
The research method used in this case is represented by secondary data collection. The reason behind selecting this technique relies on the advantages of secondary research. Secondary sources of information are easier to access by researchers, and have very little costs, sometimes they are free of charge, mostly in the case of Internet sources. Such information sources are more available than primary sources of information. However, the disadvantage of these information sources is that they are not as complex as other sources of information.
The importance of the researched topic relies on the necessity of understanding the process of online retailing and its effects. The numerous technological developments introduced by specialists in certain fields have modified the business strategy of many companies (Grosso et al., 2005). The number of online businesses has significantly increased with market conditions allowing this situation. The numerous advantages of online businesses have determined certain companies to address this type of activity.
Small businesses...
Although in certain business fields it is important to encourage direct contact with customers in traditional stores, most sellers address online selling also. This situation can be attributed to the intensified online shopping that more and more customers seem to prefer. Their interest towards online shopping is determined by the reduced time required by this activity and by the advantages it provides.
The most important advantage provided by online retailing is represented by the increased sales reported by companies. This is because online retailing allows these companies to have their store open continuously. It is important that companies also develop online shopping systems in addition to traditional stores, even if customers are not that interested in shopping online. This is because the website allows them to see what the price range is, what products and services the company offers, and other characteristics of these products. In other words, online retailing also provides important information to customers. In certain cases, customers prefer not to address companies that do not allow for online shopping because they cannot receive information about these products from the Internet when searching for different types of products (Forbes, 2011).
In addition to this, online retailing has the great advantage of allowing companies to display their products and services across the world with very little costs. Therefore, companies can easily expand their activity on international level with the help of the Internet. This is also useful in the relationship with suppliers. Having a well developed website allows companies to address a larger number of suppliers and to improve their relationships with these business partners.
However, there are several disadvantages…
Reference list:
1. Grosso, C. et al. (2005). Retailing: What's Working Online. McKinsey Quarterly. Retrieved October 14, 2011 from http://www.mckinseyquarterly.com/Retailing_Whats_working_online_1631.
2. Online Retailing's Next Frontier (2011). Forbes. Retrieved October 15, 2011 from http://www.forbes.com/2010/06/16/future-of-online-retailing-facebook-entrepreneurs-technology-wharton.html.
3. Bannister, P. (2002). Ten Best Practices of Online Retailing. E-Commerce Guide. Retrieved October 15, 2011 from http://www.ecommerce-guide.com/news/trends/article.php/979861.
Securities Regulation SECURITIES REGULARIZATIONS IN NON-PROFIT ORGANIZATIONS The ensuring of the fact that an organization is working as per regulations and is following the code of conduct, while keeping the interest of the public first, are matters which are becoming more and more complicated with the passage of time. Therefore, it can be said with some emphasis, that today one of the most basic issues of many organizations is the issue of
Delphi Study: Influence of Environmental Sustainability Initiatives on Information Systems Table of Contents (first draft) Green IT Current Methods and Solutions Green IT and energy costs Green It and Email Systems Green IT and ICT Green IT and ESS Green IT and TPS Green IT and DSS Green IT and other support systems Green IT and GHG reduction Green IT and the Government Sector Green IT and the Corporate Sector Future Prospects of Green IT in the software industry The paper focuses on how the
The direct selling strategy will be a website that will include a product configuration application. A distribution partner portal will also be created which gives distributors and dealers the ability to customize the Liberta Ultralight in quantity for their customers as well. The use of channel strategies to actively promote the use of mass customization as a product differentiator will also be accomplished through intensive dealer and channel training
For the C-level executive team at Oasis the most critical strategic decision with regard to Web 2.0 technologies is processes, systems and functional areas can take the greatest advantage of their benefits. It is clear that the globally-based distributed order management process could be much more collaborative given its breadth of activity across so many manufacturing centers. The need for creating a collaborative distributed order management system globally is
All of these steps were completed in order for Disney to respect and honor local customs and keep consistent with local values. 3.3 Promotion - Definition and application to tourism operation One of the more multi-faceted of the 7 Ps, promotion encompasses public relations, analyst relations with the investment community especially for those companies who have publicly-traded stocks or securities, and also includes managing a company's reputation online with social networks.
The reward for the effort of learning is access to a vocabulary that is shared by a very large population across all industries globally" (p. 214). Moreover, according to Bell, because UML is a language rather than a methodology, practitioners who are familiar with UML can join a project at any point from anywhere in the world and become productive right away. Therefore, Web applications that are built using