write a speech on - is e-commerce affecting the small traditional ?
Answers
Answer:
With the advancement of the circumstances, many new things are coming up, such as e-commerce. So what is e-commerce? E-commerce is online business, which includes everything in this present time, for example, retail shopping, banking, stocks and bonds trading and so on. Alongside the appearance of the e-commerce, its effect is self-evident, particularly on the traditional companies.
These days, many traditional companies have made great progress with the help of ecommerce, for example, MH Industry Co., Ltd. Mh-chine.com is its site to carry out e-commerce business. What's more, numerous customary organizations need to have better advancement. Here is my opinion on the effect of e-commerce on the traditional businesses.
To start with, it can save labor costs. E-commerce is not the same as the traditional business in terms of the number of employees needed. It doesn’t need so many staffs, such as sales executive, sales managers, accountants, and so on. But, what e-commerce need more is technology. For example, you can set an automated assistant to the inputs of the customers, which can save work as well as improve proficiency. In fact, traditional businesses can achieve huge success with the help of e-commerce.
Second, an enormous development will be given through online business. Previously, when we come up with a new product, we invested much time and money on a decent promotion to make the item known. Opposite to that, e-commerce can make the customers everywhere throughout the world know the item through the website with much less effort.
Third, it can build sales channels. E-commerce creates another distribution channel for existing items. The customer needn't to go to the stores or shops to purchase the item, while they can do it at home. E-commerce permits online trading and online payment, which will pull in more potential customers. By along these lines, the traditional business can take the local market to the worldwide market.
As each coin has two sides. So does e-commerce, it has certain disadvantages as well. Hence, there are a few noteworthy issues.
First, as we probably are aware, e-commerce is dependent on the Internet. So it is important to be comfortable with the computers. Essential information is required. There is no replacement for good planning, if you want more traffic into your site.
Second, internet business is full of high risk. Customers can't see the genuine item until the point that they get it through online shopping. All the transaction is helped out online. As the popularity and reach of internet has increased, there are more options available online. And so the online frauds have also increased. In this situation, brand value and high reputation will attract more customers. So, it is sensible to cultivate a positive corporate picture.
With everything taken into account, the effect of online business can't be ignored and, the acknowledgment and commonality of e-commerce for the traditional business will take some time.
Explanation:
Answer:
The fast and dramatic changes in information technology specially in last one decade has given new concept of marketing in which buyer and seller do not see each other face to face nor see the goods physically; the whole transaction is carried out with the help of ‘on line’ communication. The entire deal is carried out with the help of computer – telecommunication and net working with associated hardware.
In the e – commerce internet provides information about goods and services “It is” a way of conducting imaging and executing business transactions and services through electronic media and net working in computers and communication net work, websites, e-mail are resorted.
ADVERTISEMENTS:
Customers know about goods and services sitting at home. The manufacturers, distributors, suppliers and services providers let the consumers know about their products quality, price, size, color etc. through multi-colored catalogues on website. The consumers can ‘surface various web sites and compare their relative prices, quality characteristic, features etc.
These details can be obtained from suppliers around the globe. The websites are available beside for goods for direct selling, context selling, financial and other services such as hospitals, education, training, advertisements, property, entertainment, product demonstrations, bill payment, exchange and all other services which one can think of.
The types of selling through the use of internet and other electronic devices can be of following types:
1. Business to Business (B2B):
ADVERTISEMENTS:
This implies selling by one business manufactures to other business manufactures, trade, wholesaler or retailer. In India as yet most of the e-commerce is B2B. The number of companies like TELCO, IBM, C1TI BANK, BHEL, ESSAR, TVS, MARUTI, BAJAJ, and many others are doing B2B. In 1998 out of total e-commerce of us$ 210 billion us$ 100 billion was accounted for B2B.
2. Business to Consumer (C2B):
When business sells to customers/consumers it is called B2C and is most important from our point of view. The products include items sold in departmental stores, chemist shops, grocery stores, books, stationery, clothes, vegetables, fruits and what not. As yet in India such sales are only of US$ 100 billion but are expected to go up to US$ 900 billion by 2005 i.e. the growth of 9000 percent. Many service sectors are adopting this mode.
3. Consumer to Consumer (C2C):
ADVERTISEMENTS:
Under this system when some consumer want to dispose off his old items, he can take the help of selling through internet. But this type of e-commerce is not very common at least in India and the business is negligible.
4. Business to Government (B2G):
Business house or on individual business has to file income tax and sales tax returns and various types of other returns. As yet this requires filing of return in respective office and apply for approval in concerned office. But now many countries allow this type of activity through e-mail/e-commerce. However, as yet this is not being done in India.
5. Government to Consumer (G2C):
ADVERTISEMENTS:
In order to provide facilities to public and speed up information and records government in many cases provide record of information, through this system; sale of documents, passport forms, copies of returns etc are supplied through e-mail. The main features of e-commerce is that one does not physically feel an item nor sees it and places order on the basis of information supplied through website or in response to consumers inquiry, as yet e-commerce has last preference for daily consumption items.
It is largely limited to durable goods like computers, TV’s, automobiles, books, travel reservation. In case of service it is becoming popular for banking and share purchases.
Explanation:
i hope this is helpful for you