Question

The internet has made companies spread their activities to different countries in the world to run their activities. This has made different companies have their presence in nearly all countries in the world. Despite this, the internet also has its own limitations which it experiences time and again. Justify the rationale for companies using e-business or e-commerce in sales of their goods and or services.

Explain why the internet has facilitated high levels of agility? How has it streamlined supply chain management? How has the internet been affected by the advent of globalization?

Answer 1

E-business and e-commerce have become essential strategies for companies to sell their goods and services. The internet allows companies to reach a global audience, reduce costs, and increase agility. It has also streamlined supply chain management by improving efficiency, enhancing visibility, and enabling collaboration. The advent of globalization has expanded market opportunities, increased competition, and facilitated cultural exchange.

Step-by-step explanation:

E-business and e-commerce have become essential strategies for companies to sell their goods and services due to the advantages they offer. Some of these benefits include:

1. Global reach: With the internet, companies can sell their products to customers all over the world, expanding their market reach and increasing their potential customer base.
2. Reduced costs: E-business allows companies to streamline their operations and reduce costs associated with traditional brick-and-mortar stores. They can save on expenses like rent and staffing, resulting in higher profit margins.
3. Increased agility: The internet has facilitated high levels of agility, allowing companies to quickly adapt to changing customer needs and market conditions. They can easily update their online catalogs, offer personalized recommendations, and respond to customer inquiries promptly.

Additionally, the internet has revolutionized supply chain management by:

• Improving efficiency: Companies can use the internet to automate and optimize various supply chain processes such as inventory management, order fulfillment, and logistics. This leads to faster delivery times and lower costs.
• Enhancing visibility: The internet provides real-time visibility into the entire supply chain, from raw material sourcing to product delivery. This allows companies to track and monitor every step of the process, ensuring transparency and accountability.
• Enabling collaboration: The internet enables seamless collaboration between different stakeholders in the supply chain, such as suppliers, manufacturers, distributors, and retailers. They can easily share information, coordinate activities, and make data-driven decisions.

The advent of globalization has significantly impacted the internet by:

• Expanding market opportunities: Globalization has opened up new markets and business opportunities for companies. The internet has played a crucial role in connecting businesses with customers and suppliers from all around the world.
• Increasing competition: With the internet, companies can easily enter global markets, leading to increased competition. They need to continuously innovate and improve their offerings to stay competitive.
• Facilitating cultural exchange: The internet has facilitated cultural exchange by connecting people from different parts of the world. This has led to a global marketplace where companies can understand and cater to the diverse preferences and needs of customers.