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They are particularly responsible for specifying what needs to be purchased, the features that the product should have, the quantity to be bought and so on and so forth. In case of a more technically complex products, the buyer actually defines the product’s technical specifications. In the following stage the potential supplier who can supply the required product are sought out for. At this stage, the customer involved in the buying process (in this case a business) seeks out for information regarding the products that they require and the vendors who can meet their demand. Majority of the buyers begin their search online and thereafter attend industry trade shows and henceforth establishes contact with the suppliers either through email or telephone. In order to gain knowledge regarding a variety of supplier buyers also tends to discuss with industry experts, consult trade magazines as well as attend webinars conducted by vendors or perhaps pay a visit to their facilities. The decision regarding the choice of qualified vendors rests in the hand of purchasing agents. The vendors who have been chosen are asked to complete responses relating to requests for proposal. The proposals are then evaluated and the suppliers are selected. Following this stage, an order routine is established and a post purchase evaluation is conducted and the feedback is reverted back to the vendor (Saylor, 2013).
The buying process involved in business to consumer marketing is relatively simple and straightforward where the buyers just has to choose the required product and pay for it either through credit card, debit card or cash. The buyers have the flexibility to shop via online retailers which saves them the extra cost of transportation and as well as saves them the extra effort of being physically present in the shop. Instead they can shop online and pay via internet banking, debit and credit card (Ferrell,
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According to the report technological advancement through internet facilitates easier communication and hence business transactions. Generally, organizations that incorporate e-business strategies reap several benefits, as they are able to reach a wide and variant market, while the costs of operation are relevantly low.
Gerry suggests that George invest in Facebook shares due to be released in an Initial Public Offering in the coming weeks. Back at work George has a discussion with his business partner Kosmo about the state of finance of the business and mentions Gerry’s suggestion about the Facebook Shares.
I believe e-Business has given the opportunity to customers who do not have the time to visit brick & mortar outlets. E-Business has given me the opportunity to shop for my favorite merchandise by using the computer without visiting the store physically. Websites like Boutiques.
Like traditional software development processes, a web project can also be divided into several phases and steps. It is pertinent to mention here that we have employed web development processes having diverse phases include: analysis, specification building, iteratively design and development, content writing, coding, testing and deployment along with promotion (Alexander, n.d).
Although the gaming industry across UK is experiencing a major boom, the main beneficiaries are the makers of the games and gaming products. Traders, who act as the deliverers who reach to the actual consumer play a crucial role in this business. In UK, the major players include Amazon, EBay, Play (www.play.com), GAME (www.game.co.uk) and others.
ersal in nature and must be applicable for businesses in the United States; otherwise each and every business enterprise would design their unique set of standards making it difficult for a governing bodies and readers of financial statements to monitor and evaluate adherence
Cell Phone while Driving: In a New York Times/CBS News poll, respondents were asked if it should be legal or illegal to use hand-held cell phones while driving. One hundred forty-one said that it should be legal, and 663 said that it
Scheduling offers a good number of benefits worth enjoying by both the corporate holders as well as workers. For instance, it reduces latency and memory requirements besides deadlock avoidance (Keinert & Teich