Unit 45: E-Commerce & Strategy assignment sample-BTEC-HND-Level 4 & 5

Course: Pearson BTEC Levels 4 and 5 Higher Nationals in Business

Electronic Commerce includes the business of buying and selling products and services. It covers the entire market for trade. Data processing, such as that involved in completing transactions, is also included. In order to make use of the technology, there are various stages one goes through from data entry to finished product. E-Commerce also allows for the trade of products and services online without the need for a physical shop or store. The process of e-commerce is one that often eliminates waiting times for products and services, makes market research easier, and helps shoppers find what they are looking for fast.

Businesses and organizations that want to remain competitive in the global market must have an understanding of how E-Commerce works. This unit will help students understand why business e-commerce strategies are important for maintaining success. Additionally, this unit will help students develop their own eCommerce sites so that they can take advantage of the features and options available on these websites.

Assignment solution on E-Commerce & Strategy in the UK

E-Commerce is the process of selling products and services through the Internet. An E-Commerce strategy is a business plan that sets out a company’s e-commerce goals, policies, and objectives.

E-Commerce allows businesses to sell goods and services to customers worldwide. E-commerce is not just about buying, selling, and delivering products and services. It also includes data processing such as completing transactions, as well as the marketing of products and services. E-commerce allows businesses to better compete in the global marketplace by offering more convenient ways to purchase goods and services online.

E-commerce has been a steadily growing industry for the past decade. With the rise of online shopping, many companies have had to adapt to this new way of doing business. This article is about ways e-commerce businesses can stay afloat in today’s competitive market.

Learning Outcomes

By the end of this unit students will be able to:

Examine the strategies employed and the impact of E-Commerce on business organizations

E-commerce is a new way to advertise. You can show things and talk about them on the internet. E-commerce also helps suppliers who need customers. They can sell things to people without having to go to the person. That is good because they won’t have to spend money on travel.

Additionally, many firms have seen key staff members move from operations management into marketing positions. This is because Ecommerce is dependent on a rigorous understanding of product designs for visualization purposes in an interactive medium.

Strategies employed to achieve e-commerce objectives:

• Improve product or service quality
• Increase product/service availability
• Improve price/quality ratio
• Increase customer convenience

E-Commerce has made it easy for businesses to expand their customer base and improve their market share. For example, a company can now sell its products and services to customers all over the world. It also makes it possible for a business to keep its customers updated on new products or services by sending them newsletters. E-commerce allows companies to efficiently customize their products and services so that they can cater to different types of customers. It also enables them to make better use of the Internet as a marketing tool.

Analyze the hardware, software, web-based, and database technologies involved in setting up a secure E-Commerce site

The hardware and software that you use to make a secure website will depend on your needs. You can convert any website into an online store, but the exact steps depend on your web developer.

To begin with, you will need a PCI-compliant server. These servers only host files that have been optimized for web browsers. Your web developer may also make changes to it if they know something about your system or your preferences.

Design an E-Commerce strategy based on a given end-user requirement or specification

Different changes require different types of design techniques. A traditional approach to designing an E-Commerce strategy is to understand what the customers need and what your competition is doing. It also involves assessing your current business practices and formulating objectives for improvement.

The five-step process is done by asking people what they want, then doing research on it. The company also checks things like how much time the person takes to buy something and if the product has a good selection.

For example, it may look at inventory turnover rate to external data sources like marketing effectiveness. Another process is to take a look at the current marketplace and create a completely new product that competes with current offerings.

Implement an E-Commerce strategy based on a given end-user requirement or specification

The e-commerce strategy is to give the customer a fast and easy way to buy things. This is done by having warehouses across the country. So if you buy something, it will be delivered to you the next day.

That way, if one warehouse runs out of stock or goes down, there is another close by. When you look at their rates, you will see which supplier is the best and fastest for your area.

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