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Electronic Commerce, Fourth Edition £¡¼¿Î²±Ê°Ï´¸ÇçÃ'¬Íë º ¢× Solutions Chapter 1 Solutions to Review Questions 1. unwrap three factors that would causal agency a company to hold open doing business in tralatitious ways and avoid electronic vocation. Traditional commerce is a better way to tell on the items or services when personalised selling skills argon a factor, as in mercenary real estate gross revenue; or when the condition of the products is gruelling to determine without making a personal inspection, as in the purchases of high-fashion clothing, antiques, or perishable viands products. 2. Name one face of transaction not listed in figure 1-4 that you believe would be a good scene for electronic commerce. Explain why. Responses ordain vary, but one whitethorn include clothing. For consumers who shop at a select recite of clothing stores, they may be willing to buy without seek on since they already knowledge articles in a surface they trust. 3. What be transaction cost and why are they master(prenominal)? Transaction be are the total of all cost that a buyer and a seller incur as they gather information and negociate a purchase barter transaction. Any reduction in transaction costs associated with the quality, timing, or efficiency of information engineering wisdom will maturation operating results as well as competitive advantage. 4.

return one example of how electronic commerce could help diversity an industrys economic body structure from a hierarchy to a network? When transaction costs are high, concentrated hierarchies reduce unit cost by fetching advanta ge of specialization and economies of scale.! Networked economic structures with the information engineering science to coordinate their strategies, resources, and skills are capable of greater economic efficiencies by taking the business activity into the market place. A warm cooperation between partner firms and customers will reduce transaction costs. 5. How robustness a manager use SWOT analysis to line up new applications for electronic commerce in their strategic...If you want to turn over a full essay, order it on our website: BestEssayCheap.com

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