Question: I need to continue this question I got answers from question 1 to question 4 I need the rest this is the 3rd time I
I need to continue this question I got answers from question 1 to question 4 I need the rest this is the 3rd time I post this question and I have to get the rest answers quickly please
You are preparing yourself to establish your own business after you graduate from University. In order to implement the main concepts of how to conduct a business online & get benefit from what you learn in this module; Introduction to e-Business, answer the following questions by not more than 150 words:
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1) What type of business you are going to choose? (1.0-marks)
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2) Give two real reasons for why you choose this type of business? (2.0-marks)
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3) Mention three main customer segmentations, will buy the products or services
from your business? (3.0-marks)
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4) Mention three main barriers to adopt digital business in your project, if there are
no barriers give three main reasons? (1.5-mark)
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5) One of Intangible benefits from ecommerce is faster product development
lifecycle, mention three points to show how this benefit will affect your
business? (1.5-mark)
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6) Give two reasons for choosing the type of location of trading in the
marketplace? (3.0-mark)
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7) In a digital business context, strategic agility requires 5-main characteristics and
requirements for an organization to be successful in its strategy development, how you are going to build your business agile strategy by implementing these main characteristics? (5.0-mark)
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8) Mention three real competitors to your online business project? (1.5-mark)
9) Click Ecosystem describes customer journeys or flow of online visitors between search engines, media sites and other intermediaries to an organization and its competitors, mention three main points of how are you going to get benefit from this concept? (1.5-mark)
let us start solving the question. We will be discussing all the parts step by step:
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1.) The Online Business I would start:
It is a combination of an E-Commerce Business and a Reseller. It is one of the best online businesses that need very small investments.
In dropshipping, the seller only showcases the products in the store, when customers order any products, the seller purchases goods from the original supplier of the product. After that, the product is shipped to the shipping address.
The seller keeps his margin of money to earn profits.
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2.) Two real reasons to choose this business:
As we all know, starting a new business needs big investments. But dropshipping does not dig holes in the wallet. It needs just a basic setup.
In any business, we need to give our most of the time to our work by sticking into the office or workplace. It is very difficult for a businessman to leave his workplace for longer durations.
But in dropshipping, there is no need to stick to the same office or the same workplace. We can work from anywhere around the world. The basic necessities are a computer, laptop, or mobile with an active Internet connection.
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3.) Three main customer segmentation:
Age is a very important segmentation factor. It is easier to categorize the products according to age so that buyers can easily find out their desired products. The segmentation by age can be-
Gender also plays an important role in market segmentation. This makes it easier for customers to find relevant products for their respective genders.
Genders can be classified as-
It is one of the most important factors of segmentation. By this, we can easily target the customers according to their budget. So that, there is less wastage of time.
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4.) THREE MAIN BARRIERS:
There is a high level of competition in the field of dropshipping. One of the main reasons for this is the low investment costs.
The difficulty is increasing day by day and there are so many sellers that are selling the same products as ours and at even low prices.
In dropshipping, there is zero control over the supply chain because sellers do not have an inventory. They are totally dependent upon the supplier.
A seller has to communicate and stay connected with both customer and supplier. If any one of them does not cooperate, it sometimes interrupts the ongoing process of communication. Which affects the business in a bad way.
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5.) Benefits of faster product development life-cycle in online business:
Before moving further let's discuss Product Development Life-cycle-
- DROPSHIPPING
- Minimal Starting Cost
- Portability
- AGE
- Kids ( 0-15 )
- Adults ( 16-45 )
- Old age ( 46-90 )
- GENDER
- Male
- Female
- INCOME
- HIGH LEVEL OF COMPETITION
- ZERO CONTROL OVER SUPPLY CHAIN
- COMMUNICATION ERRORS
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