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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
The development of a company website facilitates immediate and direct communication between management and stakeholders, including customers and suppliers. This instant communication capability can significantly improve information flow and response times, leading to better customer service and stronger relationships with partners.
Step 2
(ii) E-Business
Answer
Having an own website allows the company to engage in e-business, enabling online sales transactions. This means customers can purchase products or services directly from the website, utilizing various payment options. This can enhance convenience for customers and potentially increase sales volume.