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MGT602 GDB Spring 2019 Solution & Discussion Last Date: 19-07-2019

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MGT602 GDB IDEA SOLUTION.
Do not copy paste if you do copy you will get zero marks. Make your own solution.
Question: Case:
Mr. Nadir is a fresh business graduate and intended to launch his own business startup. He is planning to start a business of used apparels and shoes. Used goods have a large market share in Pakistan’s local market. Bearing in mind, that the target market here has its own distinctive attributes, Nadir has to choose between conventional business mode (a physical shop) and E-commerce mode (an online store). The logical and righteous choice of one business mode among these two will decide the future of Nadir’s business.

Requirement:
1. In your opinion E-commerce is better option for Nadir’s startup or the conventional business mode?
2. Provide at least four arguments to support your answer

Ans:

E-commerce is better option for Nadir’s startup because of following reasons:
• Website designing is the most important part to sell products online.
• There is no need to keep all products in stock initially; you can tie-up with the vendors or sellers to arrange products after receiving order.
• Online web-rooms run for 24 hours. Anyone can buy products anytime even on holidays.
• It is easy to expand your online business globally since physical presence of the customer is not required.

Case:

Mr. Nadir is a fresh business graduate and intended to launch his own business startup. He is planning to start a business of used apparels and shoes. Used goods have a large market share in Pakistan’s local market. Bearing in mind, that the target market here has its own distinctive attributes, Nadir has to choose between conventional business mode (a physical shop) and E-commerce mode (an online store). The logical and righteous choice of one business mode among these two will decide the future of Nadir’s business.

 

Requirement:

  1. In your opinion E-commerce is better option for Nadir’s startup or the conventional business mode?
  2. Provide at least four arguments to support your answer.

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