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Tuesday 18 December 2012

Chapter 1- Introduction to Electronic Commerce

1. Describe three factors that would cause a company to conserve doing caper in traditionalistic ways and avoid electronic mercantile system. * Traditional commerce is a better way to apportion items or services when soulfulnessal selling skills argon a factor, as in commercial real estate gross revenue; or when the condition of the products is difficult to determine without making a personal inspection, as in the purchases of high-fashion clothing, antiques or perishable pabulum items. 2. Figure 1-5 lists roommate-matching services as a type of business that is well-suited to a combination of electronic and traditional commerce. In unity paragraph, describe the elements of this service that would be best handled using traditional commerce and explain why. * Customers are gener all in ally concerned close lifestyle and personality factors. As a result, they would want to cooperate any potential roommate. 3. Choose one major contrariety between the first wave and the second wave of electronic commerce. Write a paragraph that describes this difference to a person who is not familiar with either business or mesh technologies. * A major difference is the increase in broadband connections and improved hardware developments. This allows more businesses around the world to cash in ones chips with each other. 4.
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What are transaction costs and why are they distinguished? * Transaction costs are the total of all costs that a buyer and seller incur as they gather information and negotiate a purchase-and-sale transaction. Reasons for being important can vary. 5. Provide one example of how electronic commerce could help change an industrys scotch bodily structure from a hierarchy to a network. * When transaction costs were high, businesspeople would form organizations to replace market-negotiated transactions. In a network economic structure, companies coordinate their strategies, resources and skill sets by forming long-term relationships with other companies and individuals ground on shared... If you want to get a full essay, disposition it on our website: Ordercustompaper.com

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