E-commerce is rapidly taking the lead in global trading and local businesses. Let’s talk about e-business as a general topic. How it works, its advantages and disadvantages to both businesses and consumers, best practices, and its role on the Internet, search engines, mobile devices, and online banking in facilitating and nourishing this new trend. Give examples from your own experience.
Why does Amazon need to worry about competitors in online shopping?
A) E-commerce is affected by the law of diminishing returns.
B) Internet technologies are universal, and therefore usable by all companies.
C) Internet shopping produces cost transparency.
D) The Internet enables the production or sales of substitute products or services.
E) The Internet increases switching costs.
Which of the following is a characteristic of the reinvention phase of e-commerce?
a. Rapid growth of search engine advertising
b. Expansion of e-commerce to include services as well as goods
c. Massive proliferation of dot-com start-ups
d. Widespread adoption of broadband networks
