e-Commerce
I would not sell the domain name. There are no ethical dilemmas involved at all here. It is simply a business decision, and does not meet the criteria for an ethical dilemma. An ethical dilemma arises when an actor must choose between one or more mutually exclusive options (the dilemma) with conflicting ethical outcomes. Thus, the dilemma arise when there is no clear choice between options, because to take one of the options means creating a negative action. The conflicting requirements of the options cannot easily be overridden, hence the dilemma (McConnell, 2010). In this case, there is no such dilemma. The two options are mutually exclusive, yes, but there is no need to do both. The actor can easily choose to do one or to do the other. Moreover, committing one act over the other does not require overriding one set of duties with another. So there is no ethical dilemma here at all.
As for whether I would sell the domain for $1,000, this is a business transaction. I have to evaluate it on business terms. Thus, I need to evaluate it on the basis of financial terms. I first need to set aside sunk costs, as they are not relevant, and make this decision solely on the basis of which option -- selling the domain or keeping it -- delivers the better financial return for my company. There is not enough information in the case to answer the question, but if I were to guess I would say that it is probably not a good deal to sell. If I sell, I have to find a new domain and change all of my signage and business cards. I also need to factor in the lost customers who can no longer find my business online because they do not know the new URL. Furthermore, my site has been accruing SEO (search engine optimization) since I started it, which means that a) I need to start that process from scratch and b) I need to price that SEO into the value of the property. Furthermore to do all of this is going to take time out of my day that I could be using to build my business in other ways. All told, I would be surprised if $1,000 was fair value for all of that trouble. I am fairly confident that when all the costs have been considered I would not sell my domain for anything close to $1,000.
2. Every function that adds value to the customer adds value to the business. These three features -- a catalog display, a shopping cart and transaction processing, are essential elements to an e-commerce site. Without them, you are not an e-commerce site, since you cannot transaction business electronically, the most fundamental definition of e-commerce.
The catalog display is essential because it encourages browsing. While a search function is good for some online shoppers, with clothing in particular browsing must be encouraged. The catalog allows users to shop as they would a store, going through the individual items to see what they like. The catalog encourages people to spend more time on the site, click more often, and buy more items. Overall, having a catalog improves the user experience and results in increased sales.
The shopping cart is essential for encouraging multiple purchases at once. To put an item in the cart with a click makes for an easy user experience. It also allows the custom to continue browsing, which encourages multiple purchases. Without a cart the customer would have to purchase every item individually, so the cart greatly increases revenues. Even better is a cart that works with cookies, so that it remains populated post-session. This way, even if the customer leaves the online shop, when he or she returns the shopping cart will still be full. This has a positive effect on the number of items purchased.
Lastly, transaction processing is the barest essential component of e-commerce. Without the ability to make sales, revenues are not going to be very high. It is a good idea to optimize the capabilities of the transaction processing as well. For example, the site should be able to take a variety of different cards, plus PayPal as well. The objective here is to make it easy for customers to buy things. The easier we make the site with respect to buying things -- multiple items, preferably -- the more revenue the site will be able to generate.
3. There a lot of ways to create a strong presence on the web. In a sense, the same underlying principles apply as they do offline...
E-Commerce Solutions (Ability to Pay Online) Vendor selection Vendor usefulness to company Vendor usefulness to customer Search Engine Optimization Keywords Content development Back linking SEO strategies, search engine ranking and stakeholder benefit International Consideration Market International strategy Language, culture and currency Online Customer relationship management (CRM) Outbound strategy Connecting with customers and donors Website analytics as a support to CRM function CRM Software DonorPerfect® Fundraising Software Better customer experience through DonorPerfect® The paper presents e-commerce solutions to manage online payments for the website of EEOC's youth program. It is recommended
(Marketing Pros: B2B vs. B2C Marketing) At present in excess of 700 B2B markets are either carrying their business or in the pipeline. Even though B2Bs are positively anticipated to clock sales of $5 trillion by 2004, the latest slowdown in the online business-to-consumer market has put some doubts into a sector which on other fronts is a promising sector. (Harbour, 2001) In the thinking pattern of individuals performing the
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This assumption is based on the company's domain of work and the high quality and complexity of the web site. In order to develop and maintain such a complex Internet site, a company would have to posses its own Information Technology Department. Only specialized IT programmers and developers have the necessary training required to combine so perfectly and link to each other this large amount of data and information. Secondly, given
Ethical and Legal Issues in Ecommerce A Concise Definition of ecommerce Motivation for E-Commerce Ethical and Legal Issues in E-Commerce Enforcement of Legal Directives and Contracts Collecting and Securing Consumer Information Lack of Uniform Laws Copyright and Patent Laws Violation Taxation Other Issues: In Brief Privacy and Security 'Extinction' of Some Small Businesses Electronic Deception Language Issues Declaration During the last one decade, the internet has experienced unprecedented growth. Thanks to this increase in online activity, consumers and businesses from all over the world are
Brick or Click From rural strip-malls to Manhattan’s avenues, it has been a disastrous past few years for retail. There have been nine retail bankruptcies in 2017—as many as all of 2016. J.C. Penney, RadioShack, Macy’s and Sears have each announced more than 100 store closures. Sports Authority has liquidated and Payless has filed for bankruptcy. Last week, several apparel companies’ stocks hit new multi-year lows, including Lululemon, Urban Outfitters and American
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