Preview

Second Hand Car Market (E-Commerce)

Best Essays
Open Document
Open Document
3397 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Second Hand Car Market (E-Commerce)
1. Executive Summary

Selling online can help your business reach new markets and increase your sales and revenue gains. Those who are interested in selling to other businesses, can use the Internet to find sales leads, announce calls for tender, and to offer products for sale. Searching for products and services online can save time and money by allowing to find the best prices without having to do all the legwork. You can use the Internet to find new suppliers, post buying requests or search for products and services. The benefits of effective B2B e-commerce include lower costs associated with selecting suppliers, establishing prices, ordering, and finalizing transactions. Online trading networks can also be used to support efficient information exchange between buyers and sellers.

2. Business description

Mission —The mission of Budget Cars will be to buy and sell a desirable mix of quality used cars, trucks, and vans, and to create a friendly atmosphere where Budget Cars will be known for being your family used car center.

3. Industry analysis

Immediately following World War II, there were roughly nine buyers for every new car produced. Sales personnel merely had to find out who could afford a new car. "Afford" was defined as paying cash. This condition existed until the early 1950s when supply began to discover that some new terms were creeping into the retail salesperson 's vocabulary. Words like "overallowance," "discount," "deal," and "terms." The emphasis, however, was still not on product but on price. In addition, the asking price was no longer final. There was also, if you could haggle a little, a taking price. It was possible to bargain with the dealer for the first time.

During the 1960s, other new merchandising techniques were introduced. "Sticker price," "fleet price," "hard sell," "50 over invoice," "high-powered advertising," and "free" accessories were but a few new innovations. The buyer was becoming better



References: 3. The Top 10 Technical Considerations for Evaluating E-Commerce Platforms, 2011. Viewed 23.11.2012 http://www.oracle.com/us/products/applications/atg/top-10-considerations-ecommerce-333324.pdf 4 5. Why Domain Names Are So Important, 2011. Viewed 25.11.2012 http://www.allbusiness.com/technology/internet-domain-names/681-1.html#axzz2DMSPvOE4 6

You May Also Find These Documents Helpful

  • Good Essays

    Internet marketing enables you to be open for business around the clock without worrying about store opening hours or overtime payments for staff. Offering your products on the Internet is also convenient for customers. They can browse your online store at any time and place orders when it is convenient for them.…

    • 445 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    mike m2 unit 33

    • 824 Words
    • 2 Pages

    The benefits of using the Internet to conduct business are that they are able to sell their product or service 24 hours a day. They will not have to shut the website down like shops do but instead it is constantly running. This means that people up at the early hours in the morning can still buy the products from them.…

    • 824 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    E-commerce has many drawbacks. I will be going through these drawbacks that risk an organisation of committing to an E-commerce system.…

    • 724 Words
    • 3 Pages
    Good Essays
  • Good Essays

    New or Used Car

    • 1059 Words
    • 5 Pages

    Everyone loves the idea of getting a brand new sports car. Just the thought of having that candy apple red Mustang GT makes me feels the happiness of children running free in a candy store. Still as amazing as it would be to go out and buy that dream car right now, buying a new car is a big financial decision that can be a little hard to make. What about buying a new “used” car instead? When deciding whether or not to buy a used or new car its best to know and research the important things, not just how great it looks in your drive way or how good you think you would look in it. The start-up cost for the initial purchase and how the costs changes over the subsequent five years is important to know for the future. The value left after five years of paying for the car is also important because you may be spending a larger amount than you ever intended to in the beginning.…

    • 1059 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Buying a car can be a traumatic and financially draining experience, being prepared can save you money and get you a better car. There are steps you can take to reduce your out of pocket expenses and ensure you get reliable transportation. Be prepared for the salesman, pay attention to what the car has to say, and bring help. Getting the most out of your hard earned dollars is the name of the game.…

    • 1051 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Living Outside The Box

    • 3703 Words
    • 15 Pages

    Bibliography: Aghion, P, Howitt. P, Peñalosa. C, G. (1998). Endogenous growth theory. The MIT Press, Massachusetts.…

    • 3703 Words
    • 15 Pages
    Powerful Essays
  • Satisfactory Essays

    How To Buy A Used Car

    • 318 Words
    • 2 Pages

    Used cars for sale can easily be distinguished from each other in terms of their history. It is important to look what is under the hood and how the previous owner of the vehicle has treated the car. First time buyers can also ensure that they get the right deal by comparing vehicle histories and selecting the one with the best history.…

    • 318 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Zhang, P. and von Dran, G.M., 2000. Satisfiers and dissatisfiers: a two-factor model for website design and evaluation. Journal of American Society for Information Science, 51, 1253–1268. Zhu, K. and Kraemer, K.L., 2002. E-commerce metrics for net-enhanced organizations: assessing the value of ecommerce to firm performance in the manufacturing sector. Information Systems Research, 13, 275–295.…

    • 10829 Words
    • 44 Pages
    Good Essays
  • Satisfactory Essays

    Alibaba Case Study

    • 365 Words
    • 2 Pages

    This type of trade enhances internal management process and electronic publishing of internal business. The value of this type of trade is that it is focused on the customers and provides products that meet the need of the clients. It also helps the people who import products to acquire products that are of high quality at lower costs (Andam, 2003). The benefit of using this type of website to conduct trade is that gift packaging materials are offered and that one can be allowed to send cards that are personalized and one is also allowed to choose a wrapping paper. The draw back of this type of trade is that it is costly and that resources that are substantial are required so that one can be able to sell products online. Companies can also develop competitive strategy such as differentiation using this type of websites. It also helps cut costs of promotions and marketing and that a company can be recognized globally. There is lack of growth while using these sites to conduct trade because some sectors such as those selling food cannot benefit because these products are perishable. Consumers also don't look for products such as food on the internet (Lyer, n.d).…

    • 365 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Invention of the Internet

    • 299 Words
    • 2 Pages

    Today, the Internet provides resources and services such as e-mail, online libraries, financial tools, and more. Many businesses rely on the Internet’s aptitude to publicize their products. The companies have made businesses, such as Amazon.com and eBay, a great deal of money. Through Electronic Commerce (E-Commerce) a customer can go through a pick what they want without getting out of the house. With access to online services, the smaller companies are able to project to a bigger audience. An individual is able to find almost anything he/she wants or he/she can request anything they want off the Internet. The Internet has helped companies lower costs of their goods across the board. Companies can enter new markets and create new sources of income.…

    • 299 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Marketing Cars Case Study

    • 1684 Words
    • 7 Pages

    To be successful in the automobile industry marketing has to be focused on in cooperation with service and sales features of the industry. The test is that marketing cars varies as of marketing service station for those similar cars, and service station posture with different marketing challenges. Marketing a car contains of both marketing the main item for consumption and the car that counters to the buyers’ mainly want and involves transference of ownership. Lovelock has explain that the additional facility features are equally supporting value-added developments that assistance consumers to practice the main product more efficiently. The late Sullivan, come close to car sales by stressing campaigns, price cut, and treaties, which aided…

    • 1684 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    Teknosa

    • 336 Words
    • 2 Pages

    Broadcast opportunities, increasing opportunities for all e-commerce sites, allure and efficient e-commerce sites that can cause the sales.…

    • 336 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    It is for to build the most efficient purchasing process and capability in the industry. Internet based tools provide better spend and supplier information and access to new suppliers through e-market places. Firms would better manage and control their expenditure and reduce cost of purchasing and of goods purchased. Firms leverage their corporate buying power and suppliers benefit from a more efficient and integrated requisition to payment process. It provides better information for corporate decision making.…

    • 577 Words
    • 3 Pages
    Satisfactory Essays
  • Better Essays

    Hasvinie Csc

    • 5373 Words
    • 14 Pages

    Internet is a main thing which connects a computer to another computer all over the world by routes and servers. It helps people to share and receive all type material including five multimedia elements such as text, graphics, video, audio and animation. Many organizations depend on internet all over the world because it’s connecting to everywhere at any time. The Internet has become an essential business platform for trading, distributing and selling products between organizations, among organizations and consumers, and even between consumers. These internet helps the organization to promote and sale their products to the customer. Customer also get benefit from it where can save time, energy and also money as the e-commerce operate 24/7, 365 day in a year.…

    • 5373 Words
    • 14 Pages
    Better Essays
  • Good Essays

    To earn greater profits a lot of companies must spend some dollars and energy in advertising. The least expensive method to advertise is online. It's both economical and reaps wonderful benefits. This is actually the sole reason behind its success among many small and big companies. It is now using any electronic media to market your items and promote them before customers. It may be by means of television, radio, mobiles and also the internet. Because of the expansive utilization of internet nowadays by customers around the globe, internet marketing has lately moved it focus to the…

    • 891 Words
    • 4 Pages
    Good Essays