Your company is experiencing decline in business because of competition. Your ma

Question

Your company is experiencing decline in business because of competition. Your manager thinks they may be able to turn the company around if they can get help from an IT professional on E-Commerce and Mobile Technologies. Assume your company is a traditional retail entity similar to Sears, Macy’s or K-Mart, suggest ways your company can use E-Commerce and Mobile Technologies to increase its visibility and sales. In your discussion, explain what is E-Commerce and Mobile Technology.

please post min 400 words ad qith references as well without plagarisam.

Thank you so much.

Explanation / Answer

What is E-commerce?

E-commerce stands for Electronic commerce. Commerce, also referred as trading, means exchange of goods and services with payments made using money. Now E-commerce means commerce over the internet. E- commerce sector is a booming sector nowadays. Buying anything from an E-commerce website offer several advantages like E-commerce provide global market reach, lesser cost of goods, ease of use and there are many more. Consumers prefer getting goods and services from just few clicks. That is the reason why this sector has grown exponentially in past few years. According to statistics website statista.com, worldwide E-commerce sales are estimated to reach $4878 billion in 2021 from $2842 in 2018. Top E-commerce giants are Amazon, ebay, alibaba, flipkart, etc.

What is Mobile Technology?

Mobile Technology, as the name itself implies – portable technology. In today’s modern workplace mobile technology is indispensable. We all heavily use mobile technologies like smartphones, laptops, tablets, GPS devices, etc. Mobile technologies use wireless communication technologies like Wireless Fidelity (Wi-Fi), Bluetooth, 4G or 3G and many more are there. Mobile Technology offers several benefits like:

Merging E-commerce and Mobile Technologies gives a term called Mobile Commerce, means buying or selling anything over the internet using, more specifically, mobile phones. Today almost everyone on the Earth uses a mobile phone with internet in it and this has resulted in huge increase in transactions done via mobile devices. People prefer mobile devices more over bulky computers to access E-commerce portals. Using E-commerce and mobile technologies together will surely benefit any traditional retail entity as:

Moving the business to E-commerce is a great option to increase visibility, by publishing advertisements about their websites, and will surely result in an increase in sales as well as revenue.

Reference:

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