laudon kenneth C ecommerce business technology society 2009

laudon, kenneth C e-commerce business technology society 2009

Describe some of the evolutionary forces that acted upon traditional enterprises and the changes firms implemented in order to survive.

Solution

now with revolution of e-commerce, the traditional business people also interacting directly with the producers and tries to get the product as possible as lower cost. then only they can offer same to their customers. the traditional business people also thinikng in a different way and they are minimizing costs on stores and inventories. even they are placing small orders of showcase and once customers are interested then only they are making orders to the firms.

with this the firms will minimize spending on inventories, the same can use for any other need or purpose. amount will be less strucked in terms of inventories. there is no need of maintanance huge godowns. there is no need of maintanance of other systems like book keeping, store keeping and collection centers and so on.