Inexorability of e-commerce part 2

by Hadi Sasana Putra NIM    : 2301883574

In order to compete in the global marketplace, e-commerce may provide businesses an advantage over their rivals. It is possible to access, sell, and build a worldwide consumer market for services using e-commerce business tactics that increase communication savings and efficiency globally. One of them is a business with a large product catalog that has a broad range of items it would want to sell.
In addition, the sector may enhance conversions via additional cross-and-sell chances by adapting product catalogs to specific product recommendations based on consumer demands. The capacity to customize items is another benefit of e-commerce for the sector. Customizable items in terms of form, size, and color are available to customers through various e-commerce platforms. Customer customization equals less time and energy spent on sales and more time and energy saving for the business as a whole.
There is a slew of businesses that make use of e-commerce to make their pricing more transparent. Participants in an electronic market with a big number of buyers and sellers may see market prices and transaction processing for the first time. E-market users have easy access to information on single purchases and transactions because of the Internet’s open nature. Pricing discrepancies in the market are reduced as a result of greater price transparency. Buyers have more time to research pricing and make more informed purchases in this situation.

E-commerce makes international money transfers rapid and simple. As a result of e-commerce, products and services may be exchanged throughout the nation, regardless of where they were created. National income rises as a result of increased output. Nearly 80 percent of the total national GDP is generated by manufacturing and trade businesses in industrialized nations. It is also possible to get foreign currency via exports and import tariffs placed.

References

Celestino, Manha L. (1999). Electronic Commerce. [hal. www). World Trade.

Prihastono, E. (2010). Pemanfaatan Teknologi Internet Dalam Bisnis Suatu Perusahan E-Commerce. Dinamika Teknik, 4(1): 1-12