1 . Describe 3 factors that will cause a organization to continue working in classic ways and avoid electronic business. * Traditional commerce is a better way to sell products or companies when personal selling skills are a component, as in commercial real estate sales; or perhaps when the condition of the products is difficult to determine without producing a personal inspection, as in the purchases of high-fashion clothing, antiques or perishable foodstuffs.
installment payments on your Figure 1-5 lists roommate-matching services being a type of organization that is well-suited to a mixture of electronic and traditional business. In one passage, describe the elements of this service that would be best dealt with using traditional commerce and explain how come. * Buyers are generally worried about lifestyle and personality factors. As a result, they will want to fulfill any potential roommate.
3. Choose one major big difference between the initial wave as well as the second trend of electronic commerce. Write a paragraph that describes this kind of difference to a person who is not familiar with possibly business or Internet systems. * An important difference may be the increase in internet connection connections and improved components developments. This allows more businesses around the world to communicate with each other.
4. Precisely what are transaction costs and what makes them important? * Transaction costs are the total of all costs that a customer and seller incur because they gather info and make a deal a purchase-and-sale transaction. Reasons for being crucial can vary.
5. Provide one example of how electronic commerce could help modify an industry's economic framework from a hierarchy to a network. * When purchase costs had been high, businesspeople would type organizations to replace market-negotiated orders. In a network economic structure, companies coordinate their strategies, resources and skill units by creating long-term interactions with other businesses and individuals based on shared...