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Outline two implications for management when a company develops its own website: (i) (ii) - Leaving Cert Business - Question 5 - 2013
Question 5
Outline two implications for management when a company develops its own website: (i) (ii)
Worked Solution & Example Answer:Outline two implications for management when a company develops its own website: (i) (ii) - Leaving Cert Business - Question 5 - 2013
Step 1
(i) Communication
Answer
Developing a company website supports instant communication, enabling management to interact with customers, suppliers, and staff efficiently. It serves as a platform for sharing updates, resolving inquiries, and facilitating smooth information flow both internally and externally.
Step 2
(ii) E-business
Answer
The website allows for a transition into e-business, where customers can make online transactions such as purchases and payments. By providing this functionality, the company not only enhances convenience for customers but also positions itself competitively in the market by offering 24/7 service, potentially increasing sales.