Also the products bought from online can be take back to a store and can be exchange or refund. Alternatively, kitchen or bedroom furniture’s could be delivered to the costumer’s house. All retail stores are now offering an eRetailing. This allows all the consumers to buy products from the internet. The internet has three main advantages compared with traditional retail outfits- these are: 1.
Pros and Cons of the other options: • Increase the number of catalogs. o Pros: Because of their past experience, it is easy to execute and relatively easy to predict how much revenue they will get from an increase in catalogs. o Cons: Catalog mailings to prospective customers are explicitly ineffective and costly. So, this option does not address the underlying problem of not targeting new customers. Furthermore, Random customers who receive catalogs might
This means that the TNC can pay workers less, not worry about providing good working conditions. All of these factors greatly benefit TNCs because they can produce their products or components for a fraction of a price that they would have to pay in their country of origin. Another thing that has enabled companies to spread out over the globe is the fact that global communications and travel has improved. Emails make it much easier to communicate with colleagues in other countries and not have to worry about time differences. Satellite links have allowed people to have video meetings even if the people taking part are miles apart.
In addition, I don’t have to waste expensive gas just to find the closest bill paying location. You can practically pay any bill online as long as the billing company has a website. The internet has made many things possible and easier for Hereford residents. We are able to shop, pay bills, and keep in touch with friends and family online. It is one of the best things that have been brought to this town.
A. Online Business Expansion Proposal 1. Facilitate customer payment using e-commerce solutions: Cover Up, Inc. offers custom window coverings. The company’s current website is very basic, listing only a brief description of the store and some featured products. It does provide an online option to purchase merchandise. To thrive in today’s global market, a business that wants to be online must provide an easy way to purchase and pay for products online.
Having an online website is great advantage as It allows customers to shop at all hours and have access to purchase all products. If for example you go into to buy a product and it is out of stock you have the option to go online and still get what you need. Additionally, the option to shop online addresses the various different customer demographics, such as individuals who are disabled, as online shopping could make shopping for groceries and other necessities a lot easier for such individuals. Therefore it is evident that technological factors have increased customer satisfaction by providing customers with an alternate shopping method. The stores can be affected in either a good or bad way by Technological factors.
The internet is much quicker than any other form of communication and is also very cheap. For example e-mails are completely free to use and are delivered to the recipient (however far away) in a matter of seconds. Also the developments in software like Skype have allowed people to have face to face conversations when they are miles away from each other. This could be very important for TNC’s trying to tell their bosses in HQ about the factory and its productivity. They could just show them around using Skype.
This affects us greatly because what we give is what we now get. In chapter one Pariser states, “Your behavior is now commodity, a tiny piece of a market that provides a platform for the personalization of the whole internet". To put in other words, your personal information is sold so businesses know what to sell. An interesting quote is added in this chapter, “If you get something for free, you’re the product, not the customer"(Pariser45). What is meant by this is sites such as Google or Facebook give us free services, or so we think, but what is really happening is they collect our personal information and sell them to businesses so they can use it to lure us into buying their products through specialized ads.
Also online is convenient for some consumers to shop in the comfort of their own home. Consumer could go to the web site directly and purchase their brand of King’s syrup either in glass bottle with the new vibrant colors or plastic bottle with the easy squeeze handles. Also the potential buyer would come across deals when purchasing online. The marketing distribution channel will go under intensive distribution. By the product almost obsolete on the shelves this would be the time to do intensive distribution of having the product on every shelve where potential customers would buy the product.
Only offer products that can be placed at bargain prices iv. Philosophy was to keep customers coming in to shop by wowing them with low prices v. Criticized for too low price vs. focused on profit…. Reasoning, they want people for the long run Limited selection i. Only 4000 options (vs. 40K to 150K for others) ii. Intelligent loss of sales (e.g, 350 count of advil only option, those who need it will buy it).- helps with efficiency Treasure-hunt shopping environment i.