Description
- Imagine that you are interested in starting an e-Commerce business. Compare the major advantages and disadvantages of starting an e-commerce business versus a traditional brick-and-mortar business. Examine the significant risks of going global with an e-Commerce business.
- Use the Internet or Strayer Library to research two to three (2-3) articles on Standard Oil Co. Inc. and the related vertical integration. Analyze the rationale for the so called "Trust-busting" Standard Oil apart. Examine the main advantages and disadvantages of "Trust-busting". Support your response.
- Use the Internet or Strayer Library to research two to three (2-3) articles on organizations which experienced vertical integration. Select at least two (2) vertical integration examples in addition to the one on standard oil. Next, assess the value that the vertical integration might have created or will create for the organizations you selected. Support your response.
Explanation & Answer
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Running head: ANSWERS TO THREE QUESTIONS
ANSWERS TO THREE QUESTIONS
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ANSWERS TO THREE QUESTIONS
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Question 1
Ecommerce business involves buying and selling of goods using the internet and also
exchange of money to execute the transactions. Ecommerce business involves all aspects of
operating an online business (Khosrowpour, 2013). Traditional brick or mortal business involves
businesses that have physical presence. They are built on physical materials such as brick and
they can be seen and touched. These businesses deal with customers face to face.
Advantages of starting an ecommerce business compared to mortal and brick business
Advantages of starting an e-commerce business include low startup cost as compared to
brick and mortal businesses. The expenses to start an ecommerce business are lower since one
does not require paying staffs working in the business, security personnel, store signs or pay for a
store design as it is in brick and mortal stores (WINN, 2002).
Ecommerce business has more potential income compared to mortal or brick businesses.
This is because ecommerce businesses are always open any time of the day. Unlike physical
stores where they open for some hours and close at other hours, ecommerce is always open 24-7
and a customer can place an order any time of the day or night (Rajamma, 2007).
Ecommerce business helps to sell internationally. This is because the seller can easily
discover customers from all over the world easily despite where they are located.
The
ecommerce seller only has to choose a means of shipping his/ her products that is affordable and
this allows pricing products and shipping them competitively (Khosrowpour, 2013). Mortal
stores only offer sales to people who can physically see the store in that locality and therefore
limiting the number of customers.
ANSWERS TO THREE QUESTIONS
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Another advantage of ecommerce business is that it is able to process high numbers of
orders at a time with ease unlike retails stores whereby customers have to make long queues to
wait for their orders to be processe...
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