Electronic Commerce Of Bumble Corporation Essay

Electronic Commerce Of Bumble Corporation - Essay Example Therefore usability, persuasion, power, and branding of Bumble Corporation will help the company to concentrate on ways to run a successful online business. The initial key to building a profitable online business is to make the client’s shopping experience effortless, therefore the company website needs to be extremely user-friendly. Bumble Corporation can thus attain this by ensuring their clients can navigate the website without difficulty and that their clients will always identify where they are on the site as well as easily find the things they are looking for. Another important feature of a successful online business is to have an orderly web page. In this example, it is good to follow the ‘less is more’ principle. Sharp, powerful websites use other techniques for advertising promotions. For example, e-mail newsletters can alert clients to present promotion items that are based on their history of purchase. By utilizing email to bring this extra data, Bumble Corporation could maintain its website free from surplus information, which otherwise could be an overload for the customers. Influencing the client to purchase any product is highly made effective when the company’s support number is posted on all single pages of the web site. Doing so will first of all be convenient for the customer, as they can call support no matter on which page they are, and this will also alert the client to the organization’s eagerness to help at any point throughout the shopping experience of customers.

Inventory management ratio analysis of Ford and GM Essay

Inventory management ratio analysis of Ford and GM - Essay Example The inventory turnover ratio determines the management’s efficiency in converting the available inventory into sales. A low inventory turnover is a bad sign to a company’s performance since it indicates that the company’s products risk deteriorating. The company’s product will diminish in value due to overstaying in the stores. Due to this phenomenon, companies dealing with perishable goods usually have very high inventory turnover (Bull, 78). The average days to sell inventory is a financial measure that gives the willing investors an idea of the duration it takes for converting the available inventory into revenue. Therefore, a company’s performance ratio determines management efficiency in converting the stock into sales. In most scenarios a low average days to sell ratio is desirable. This ratio varies between industries. The average days to sell ratio is calculated as the total cost of inventory divided by cost of sales and the result got from the computation multiplied by 365 days. An average day to sell ratio forms one part of the cash conversion cycle. It represents the conversion raw material into cash. The day’s sales outstanding and the day’s payable outstanding are the other two stages in the cash conversion cycle. By determining how long a company holds on inventory before selling measures the company’s efficiency ratio. The ratio gives the average time it takes for a company’s cash to be tied up. The inventory turnover ratio of Ford is 15.9 times while that of GM is 10.0 times.