Question

Explain how corporations have adopted the Ecommerce as part of the strategy to expand its operations over new customers or new geographic areas.

Answer 1

Ecommerce:

• Nowadays, eCommerce is the new go for the organizations so that they can grow in the whole industry like a wildfire. As we all know giants like Amazon, eBay all turned their way to become an all-time eCommerce website as soon as they saw the market capitalization growing.
• We all know how much impact is eCommerce making in our lives we are able to get all the products that we wish that too at good price and door-step delivery which makes it fun and more influenceable service provided to us and also it becomes easy to trust on these organizations.
• eCommerce is one of the markets where the capitalization is growing by 8% every year globally according to a survey which makes it a more wannabe business strategy for much successful organization and the company which is not jumping in it is in huge loss.
• We also know due to the eCommerce business we are able to grow the reach of the business among the users that are available in big numbers and it also becomes very important to know the target audience and the geographic areas that are being targetted by the organizations.
• Due to the eCommerce business, it becomes easy to grab attention in larger geographic areas as being done by famous companies in the game such as Nike, Adidas, Balenciaga, etc. They all know how to make the business grow with the help of the eCommerce services.
• All the organization is adopting the eCommerce way of delivering their products as we see now food delivery is also a business with larger companies such as Food Panda, Uber Eats, etc. They all have different businesses but are working along with such concepts to survive in the market and keep their place in the growing market.

Hence, this is how the corporations have adopted the eCommerce as part of the strategy to keep business continuity and profit a regular flow for the organizations.