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.

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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