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Factors to Consider before Trading on the Internet

  

Date Posted: 4/18/2012 9:01:53 AM

Posted By: sashoo  Membership Level: Silver  Total Points: 382


• Decide on the organization’s strategy:
Internet trading must support the overall strategy of the organization and not drive it. A strategic review of the organization may, therefore, be required prior to starting e-business.

• Discuss with existing distribution systems:
Where an existing organization is considering e-commerce, the change can be discussed with existing retailers. One of the main effects of e-commerce is the removal of the retailers from the supply chain.

• Find value added benefits of the internet:
It is important to try to find some benefits of internet trading so that the implementation of the system is supported by all concerned parties.

• Technology:
Setting up and maintaining an internet site will require appropriate technology to be available.

• Legal consideration:
Organizations need to take into account the laws of their individual country when setting up and running an internet site.



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