Articles tagged with: Business Development
Knowing your customer is one of the basic activities that have to be perfected before a business can be successful. You will need to understand their needs and wants. You will need to understand how they operate and what makes them tick. You will need to have the intelligence or more specifically the business intelligence to reasonably predict their behavior and reactions within differing situations.
You will need to know their location so that you can offer them the goods and services that you want to sell. Without knowing your customer …
To provide the strong base for successful business in today’s world, it is particularly essential to make the society competitive for emerging economy. This challenge is prevailed over with the help of revolutionary communication mediums.
Thus, e-commerce is proved to be an important component of business strategy and very strong channel of economic development over traditional way of business system. “Any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct physical contact is known as e-commerce, electronic commerce or electronic marketing”.
Electronic commerce is a technology based exchange between business parties (organizations or individuals) as well as electronically mediated inter or intra business activities. Primarily electronic commerce comprises of the selling, buying, distributing marketing of services or products by use of electronic systems such as the Internet and computer networks.