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3 years ago

Explain five advantages of transacting business through the internet

Business

1 answer:

kiruha [24]3 years ago

5 0

Answer:

1.Potential Access to a Global Market:

The internet is an excellent tool for increasing the visibility of your business. The internet overlooks physical borders, thereby giving your products and services heightened exposure to a global audience. This can lead to increased sales, as your business offer reaches new markets that would otherwise be beyond your physical reach, especially if you are a small business owner

2.Reduced Marketing Costs:

With the rise of the internet, there has been a huge increase in various social media platforms. These platforms that are designed to connect people with one another become powerful, relatively low-cost marketing channels that can be utilized by both large and small enterprises. The internet means that you can put your products and services right in front of your target market without using the help of a formal marketing agency to do it for you, but at a much greater cost.

3.Reduced Building Overhead:

Many jobs and business functions can be performed online. This means that incorporating the internet into your business functions could open up an opportunity to have remote staff who can work from home, thereby reducing the cost of having an office building.

4.Automated Systems and Resource Sharing:

The internet has enabled a million and one ways you can make your life easier as a business owner. You can do your bookkeeping and customer service care online, and get bespoke solutions that automate how customers purchase your goods and services. In short, it can streamline processes while saving valuable work hours from performing tedious tasks.

5. Online Sales

Some people are too lazy or busy to drive all the way to your brick-and-mortar business to purchase something.Instead of leaving their house or cutting something from their schedule, these people like to purchase things online that will be delivered to their door.To get more sales, you want your business to cater to these people. Therefore, you want to allow people to be able to buy your services and products online.

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You work on the marketing team for a software development company. You have sales representatives in different locations around

seropon [69]

Answer:

b. a wiki

Explanation:

A Wiki is an electronic communication tool that works with resources similar to a website, but with the differential of the possibility of jointly editing authorized users while accessing the content, for updates, implementation of new information, resources, etc.

This tool would be essential for the marketing team with global sales representatives, because through it it would be possible to demonstrate the new resources through the sharing of information and exclusive materials made available through the wiki that can be accessed from any location and at any time.

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3 years ago

How can technological innovation help a company become globalised

shutvik [7]

Answer: Technology is the vital force in the modern form of business globalization. ... Technology has helped us in overcoming the major hurdles of globalization and international trade such as trade barrier, lack of common ethical standard, transportation cost and delay in information exchange, thereby changing the market place.

Explanation:

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3 years ago

"Consumer sovereignty" means that Group of answer choices1. buyers can dictate the prices at which goods and services will be of

nalin [4]

Answer:

2. advertising is ineffective because consumers already know what they want.

Explanation:

Consumer sovereignty is the idea that it is consumers who influence production decisions because they decide what to buy by checking to see that their expectations are meet. Production of goods is designed towards meeting the needs of the consumers. The consumers select what they want to buy by the checking if the good fulfills their needs and wants.

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3 years ago

The purpose of the news media is to do which of the following?

wolverine [178]

Answer:

The purpose of the news media is to provide information

Explanation:

The news media gives target information that enables individuals to use sound decisions. The motivation behind news media is to offer projects and administrations that illuminate, teach, instruct, and enhance general society and help educate everyday talk fundamental to American culture. It is CPB's specific duty to empower the advancement of substance that includes innovative hazard, and that tends to the requirements of unserved and underserved spectators, particularly youngsters and minorities. CPB goes about as a watchman of the essential purposes for which open telecom was set up.

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3 years ago

The marketing director for Zap Games, a video game company, has informed his employees that he feels the company needs to improv

guapka [62]

Answer:

The correct answer is task.

Explanation:

The work environment is one of the most important elements for the proper functioning and growth of an organization. A positive work environment contributes to greater productivity and employee engagement. For this reason, it is extremely important that the work environment is adequate, pleasant and stimulating to achieve a motivated team of high productivity.

It is indisputable that the work environment is a key factor in work relationships, however, it is difficult to define it and to specify the characteristics that determine it. From the employee's point of view, the work environment is the set of conditions that contributes to achieving satisfaction in the workplace. From the perspective of the company, it can be defined as the sum of elements that influence the organizational climate, productivity and good performance of employees.

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3 years ago