E-Business Strategies

  M.com Part 1 (Semester 2) E- COMMERCE Most Important Question Bank for Current Exam Q.10. Explain the reasons for building website by e-marketers ANS: Now a days, running a business without a website is highly impossible. It is almost a necessity to develop and manage own website for business growth, expansion, modernization, development. For a business organisation, there are no. of reasons to build one’s own website. 1. A website Instantly Showcases Work or Talent: –  Any type of creativity can be displayed on a website. Your online portfolio can include everything in one place, where it is your writing, artwork, photograph, clothing, or any product. As an artist, there are many perks to a website, and you don’t have to be an internet expert to get started. 2. Your Employment Potential May Increase: – Prospective employers often assess candidate by what is on their website. The quality of your content and portfolio makes an impression that can get you hired. Whether you are looking for work or would like to someday switch jobs, think ahead, because building your own website may lead to opportunities you never expected. 3. You Can Be an Instant Entrepreneur: – With the help of a Website, you can effectively run a small business. Using your, website, you can also:  Promote products and services to millions of people worldwide.  Impress prospects and clients with your knowledge.  Compete with large businesses in your market.  Collect profits from the services you provide.  Communicate with customers, gauge their satisfaction, and help meet their needs. 4. Knowledge Can Be Expanded: – Content is still an important aspect of any website. Adding great content means you may write about unfamiliar topics, which is effective for learning. 5. Reflects Creativity: – A website can reflect creativity of the personnel of the firm. An innovatively designed website may make people to appreciate the creativity and imagination of the website designer. Advertising agencies, consultants, and such other service providers must design their websites in a creative manner to create a good impression on the viewers or audience. 6. Promote Your Blog: – A website is the perfect medium for integrating a blog. If the template supports frequent updates, blog entries can be added directly. Having your own blog will also, improve writing skills, have better listings on Google, help other people with your knowledge, serve as a self-promotional tool, enable communication with friends , family , and colleagues , help potential clients learn about business , get your voice heard, which can influence change. 7. Corporate Image: – A business firm having its own website can enhance its image in the minds of various stakeholders such as shareholders, customers, employees, suppliers, dealers, and others. For example, a company can provide information on its financial performance on the website, and its plans, which may be useful to the shareholders. Also, when a company provides instant information in response to a query from the customers may enable a firm to develop a good image in the minds of customer. 8. Convenience to Customers: – A Website provides convenience to the customers for interacting with the firm also for transacting busines. For example, in the case of air-travel or hotel booking, a customer can directly book the air tickets or hotel room on the company’s Website or through an agent online. The customers can save lot of time, effort and even money in transacting business with the firm. A website may enable a firm to generate customer loyalty. A website also provides accessibility of information to the customers at any time. An online site can be visited at any time of the day or night or even on a holiday. People may prefer to visit the website for information rather than going to the physical premises of the business firm for information. 9. Tie-ups: – A website may enable a firm to get suitable tie-ups from local or international firms. Based on website information, a firm seeking a tie-up approach the website owner for a tie-up. It is up to the website owner to accept or rejects such a proposal from the other firm. Nowadays, in this competitive world, it may make sense to enter a tie-up with another firm to remain competitive and for growth and expansion. 10.Competitive advantage: – A company may provide relevant information about its products on the website with reference to price, features, after sale service, warranty, and other relevant information. The prospective customer compares this information with that of the competitors and therefore, making a proper choice. Thus, a website which provides relevant information enables a firm to face competition in the market M com sem 1 e commerce imp questions in exam paper 2024 M com sem 1 e commerce imp questions in exam paper 2023 m.com part 1 question papers with answers idol m.com sem 1 question papers mumbai university e-book m.com question papers with answers pdf mumbai university e-commerce important questions and answers pdf e-commerce important questions unit wise e-commerce important questions pdf m.com question papers with answers pdf mumbai university e-commerce  question paper mumbai university mumbai university solved question papers download pdf mumbai university previous year question papers with solutions m.com part 2 sem 2 question paper mumbai university   If you want exam most important question bank pdf then you have to pay per subject 100/- rupees only .  Contact 8652719712 / 8779537141        Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation   F.Y.J.C EXAM :- https://t.me/FYJCexam   S.Y.J.C EXAM :- https://t.me/SYJCexam   F.Y EXAM :- https://t.me/fyexam     S.Y EXAM :- https://t.me/syexam     T.Y EXAM :- https://t.me/tyexam     M.Com Part 1 EXAM :- https://t.me/McomPart1Exam   M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam  YouTube Channel  https://www.youtube.com/channel/UCv8JIY58xfWHUIXVu9wxNHw