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Business Corporations through the enhanced use of B2B E-Business Technology can work for alterations of their business processes in terms of effective sales and order management. Further the supply chain management activities of business corporations also counter sea changes owing to the introduction of the business-to-business electronic business technology. This helps the business corporations to enhance their effectiveness while serving the needs of the customers. Moreover through the enhanced use of the said technology the business corporations can help the customers gain better insights about the product and service portfolio. This helps the business houses to better penetrate an expanded market base both existing and new and thereby augment on its sales and revenue parameters. Thus the advent of internet technology in the business sphere acts as a boon by generating sophistication to the different activities performed (Boone & Kurtz, 2010). Understanding of Business-to-Business (B2B) E-Business Technology The Business-to-Business E-Business Technology concept emerged owing to the growing use of internet technology in the business sphere. With the enhanced use of internet technology the business corporations can effectively interact with each other both in an intrinsic and extrinsic manner. Intrinsically the business corporations can better relate the head office functions with the several branches spread along different regions and also to the warehouses. The business corporations with the use of internet medium can modify the business functions related to purchases and sales in a much faster and efficient fashion. Business-to-Business technological interface helps the business corporations gain a huge number of advantages which can be enumerated as follows. Management of the inventory and sales functions is better managed by the business houses through the expanded use of internet technology. The business corporations through the use of the internet medium can effectively track changes in the external market and thereby modify the products and services rendered. Through enhanced satisfaction of consumer demand the business houses can generate more amount of profit and also augment on the market share. Moreover with the enhanced use of internet technology in the business medium the business corporations can effectively minimize the cost of business operations thereby enhancing on the productivity aspects. Different companies pertaining to manufacturing and other information technology companies have gained largely owing to the expanded use of internet technology in the business to business sphere (Haag, 2005,p.139-410). An enhanced understanding of the Business-To-Business Electronic Commerce technology shows that the above technology can be used in different forms by the business corporations while performing business activities. Supply chain activities of the company can be effectively enhanced through the use of internet which coordinates the functions of the different vendor and supplier groups spread along dif
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The study has pointed out that efficacy of business to business transaction e-commerce depends on the effective implementation and assessment process. The study has also focused on the lack of proper IT investment evaluation and considered it as a major issue that hampers the efficiencies of business to business e-commerce.
The numerous sectors of B2B marketing are middleman, producers, government along with non-profit organisations (INSEAD, 2012). There are quite less number of customers in B2B market and thus they demand dependable relationships and a high degree of service.
In contrast, when a business sells a finished good or offers a service for commission / fees to end-users then it is involved in Business-to-consumer transactions. For instance, a B2B transaction also occurs when a estate agent forwards an inquiry to another broker who then secures a deal with genuine buyer.
This report is based on the analysis online business website www.universalorlando.com. This report assesses this e-business platform and presents some suggestions which can help improve the operations of this website. This report also evaluates social networking or mass customization techniques those can be used to enhance the business working and operational performance.
The problem statement for this study is to demonstrate different e-business models, to make a model analysis with respect to revenue generation. The paper tells about e-business in the upcoming years, presents elements of a good website design and talks about the impact of a well designed website. Finally, it will give an advice on website usability.
Entrepreneurs are faced with decision making challenges resulting from increased globalization, rapid technological challenges and competition. As a result, new knowledge creates a competitive advantage.
Internet has become an important business tool that helps an organization or a business entity to maximize business output and profit. The global electronics market can be predicted based on the transaction cost theory. Use of Information Technology can result in a significant shift from the hierarchy structure to market structure.
This stage is more often than not driven by the user. Following this stage the requirement is illustrated and enumerated. The buying decision is usually made by the buying center or the group of people whose major role is to set
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