Shamraiz Khan Sessional2
Shamraiz Khan Sessional2
Shamraiz Khan Sessional2
ATTOCK CAMPUS
2nd Sessional Exam – spring 2021
Program BBA Semester.5th
SUBJECT NAME: E-COMMERCE
1
COMSATS University Islamabad, Attock Campus
2nd Sessional Exam – spring 2021
Program BBA Semester 5th
SUBJECT NAME: E-COMMERCE
Q.01. (10)
After reading the article “Building an Ecommerce Business”
What lessons you learned?
building an ecommerce business are included 13 parts. my presentation part is choosing partners. I
have learned from my topic is:
1. build best relationship with partner
2. complementary skills set regarding hiring
3. resolve conflict with partner
I have learned from whole article are as:
One of the greatest advantages to starting an eCommerce business is that it can be operated
completely from home on any schedule. Further using the tools available by many online hosts and
eCommerce resources, setting up a store can be done quickly, sometimes within minutes depending
on the type of store being opened.
The Internet never sleeps, and therefor online stores area always open. As a result, an eCommerce
owner can be making sales and profits while he sleeps or is on vacation.
One of the biggest challenges to running an eCommerce business is competing with the millions of
other sites selling the same or similar items. As a new business, it can be difficult to gain a share of
the market from existing businesses.
Consumers are wary of businesses they haven't done business with or haven't been referred to. They
are more likely to stick with businesses they know, even if another business may provide better
service or products. Many consumers will research or wait to see what others think about an
eCommerce site, before spending money.
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Although there are many tools and resources to build an eCommerce site complete with shopping
carts and payment processing, invariably something will go wrong. Websites can stop working for a
variety of reasons and some are easier to fix than others. Until issues are fixed, the site is down or
not working, which impacts sales.
Q.02. (2.5))
What is CRM?
Customer relationship management software, or CRM, focuses on keeping track of customers and
their purchasing behavior. It gives businesses the tools to follow sales leads and find new business
opportunities within them. It also helps streamline the sales process so the sales team is not
repeating the same jobs over and over.
Q.03.
What is the role of SCRM in maximizing the business growth? (2.5)
Give a relevant example (2.5)
In evaluation to traditional models, Social CRM gives a brand new diploma of transparency,
openness which promptness, and builds on customer loyalty. By step by step advertising activities,
it strengthens your brand. You may be capable of recognize your customer behavior successfully
earlier than you launch your conversion. This might boom the companies dedication levels. By
evaluation, you may solution in actual time thru your CRM on your client’s praises, criticisms and
questions. You can even advantage eligible information primarily based totally at the information
and reviews on social media. You will have a more threat of enhancing social CRMs advertising
return. By exploring new commercial enterprise segments, you'll frequently accumulate
understanding approximately your items or services. This might permit you, primarily based totally
on client’s tastes, to evaluate and enhance higher items or services. You are capable of marketplace
the involved customers with the resource of customer courting management. You can also practice
the understanding and get in touch with in the social media on your software. For futuristic
conversion, you may use those contacts. Business and commercialization frequently are trying to
find new metrics and changes. Therefore, you should expand diverse varieties of content material
on your audience. You will accumulate all this social-focused information for Social CRM and
you'll be capable of higher identify your goal group. In this way, a extraordinarily a hit advertising
approach may be created for all clients.
Example
COCA COLA :
coca cola make use of CRM to sell collaboration and address client issues quick and efficiently.
By the usage of CRM software, each member of a Coca-Cola group can pick out issues, reveal
client behaviour and social media to sell gives and promotions.
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Moreover, group participants can use cell apps at the visit get admission to client records every time
and anywhere, create and replace paintings orders, and ship out discipline technicians in real-time