Assume that you want to start an e-Commerce business and have decided to have your own e-Commerce infrastructure (not using commercial services). Explain in detail all the hardware, software, tools, skills, personnel, etc. that is required to have your own e-Commerce infrastructure
E-commerce has changed how people sell and purchase. It offers people to buy without visiting a real store. Having a good infrastructure helps the business to run efficiently. To have our own e-commerce infrastructure needed is:
a)User experience design: A great and attractive website design is very important part of e-commerce business.
b) Website design: A good and attractive web design attract a lot of people. Web design should be such that which is easy to muse and understand by everyone so that the website can be used by more and more people.
c) Data analysis and Analytics: Data analysis proves to be very handy for e-commerce business. It helps to analyze data for decision making.
d) Data collection: This skill requires to fetch data from all the software package used by the business, for example email reports, sales data, order management.
Assume that you want to start an e-Commerce business and have decided to have your own...
When I want to create a website or application for e-commerce, the site for printing books or printing on clothes with the sale of printing tools. What is the appropriate software and hardware? Choosing Software The development of e-commerce required a great deal more interactive functionality, such as the ability to respond to user input (name and address forms), take customer orders for goods and services, clear credit card transactions on the fly, consult price and product databases, and even...
You are starting your own e-commerce business. You decide to form a company that will sell comics books online. You estimate that the annual cost of this business will be as follows: Table 1 Technology (Web design and maintenance) $5,000 Postage and handling $1,000 Miscellaneous $3,000 Shipping supply $2,000 Equipment $4,000 Overhead $3,000 You can buy each book for $20 and you plan to sell each book for $30. You expect to sell about 1,200 books per month online. Assume...
Assume you were just assigned as lead auditor for a new e-commerce client. This is your client’s first year in business. Identify general business strategies that might explain your client’s decision to enter the e-commerce space with the likes of giants such as Amazon. Considering these strategies, identify potential business risks that can lead to material misstatements in your client’s financial statements. Be sure to include new start-up and e-commerce risks. What are some other things your team will need...
You have decided to open your own business and inventory is a major component of your endeavor. Please describe the business you decided to open and which inventory flow assumption (FIFO, LIFO, or Average Cost) you decided to use. Please provide the reasons for your decision to the rest of the class and what you hope to obtain by using the assumptions you did. Please think about and describe all aspects discussed in the lecture and the text including lending,...
identify the appropriate business formation for the following: Denies, a lawyer, decided to start her own law practice. She will have a paralegal, a secretary and a filing assistant. She is considering having other lawyers as associates or partners. She will borrow $100,000 for start-up costs. Ideally, she does not want to have any liability if she is sued for legal malpractice. Explain whether she should form the business as a sole proprietorship, a personal corporation, or partnership. The answer...
Imagine that you want to start your own business of selling burgers. You are however working on a salary in some other cafeteria. You make a budget and see that you might have to incur the following expenses to run a cafeteria. __1. Imagine at least five variable expenses and five fixed expenses of your choice (can be more). __2. Imagine a Sales Price for your burgers. __3. Also imagine some basic drawings or salary for yourself as you are thinking...
MARKETING RESEARCH URGENT Assume you wish to start your own online business these days knowing that the digital natives and even other generations have shifted their buying behavior into online for personal reasons and due to the pandemic. Accordingly, you are entitled to answer the following questions: 1- Clarify the type of business you consider to launch and list some of the products/services you aim to sell. ( 150 words - 15 points)
1. You have decided to start a lawn service business to help pay your tuition so that you can complete your undergraduate accounting degree. You plan to provide various lawn maintenance services that will include lawn mowing services, aeration and fertilization. You and two of your friends have agreed to work for you in this new business endeavor. Which of the following best describes a structural cost driver for your new business? Select one: A. Preparing monthly billing statements for...
Assume that you are planning on opening your own new business. Now, consider the structure of a corporation and the financial implications of incorporation. If you were to start this new business venture, what factors would you need to take into consideration to determine if you want to incorporate or not? Explain your rationale, detailing the specific effects or ramifications for your particular business.
You have decided to go into business for yourself. Between your personal savings and what the bank will lend you, there will be enough money to either start your own business from scratch or purchase a franchise. Which of these two options would be best for you? Please explain at least three (3) big advantages or at least three (3) big disadvantages of buying a franchise.