Chapter 1- Introduction to Electronic Commerce

1. Describe three factors that would baffle a comp each to continue doing vexation in traditional ship flair and avoid electronic commerce. * Traditional commerce is a better way to sell items or services when personal selling skills are a factor, as in commercial real estate sales 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 food items. 2.Figure 1-5 lists roommate-matching services as a type of production line that is well-suited to a combination of electronic and traditional commerce. In one and only(a) separate, describe the elements of this service that would be best handled employ traditional commerce and explain why. * Customers are generally concerned active lifestyle and personality factors. As a result, they would want to meet any potential roommate. 3. Choose one major difference between the starting time wave and the second wave of electron ic commerce.Write a paragraph that describes this difference to a person who is not familiar with either business or Internet technologies. * A major difference is the increase in broadband connections and improved hardware developments. This allows more businesses around the world to go past with each other. 4. What are transaction costs and why are they eventful? * Transaction costs are the total of all costs that a buyer and seller incur as they gather information and talk over a purchase-and-sale transaction.Reasons for being important can vary. 5. Provide one typesetters case of how electronic commerce could help change an industrys sparing structure from a hierarchy to a network. * When transaction costs were high, business people would form organizations to replace market-negotiated transactions. In a network economic structure, companies line up their strategies, resources and skill sets by forming long-term relationships with other companies and individuals based on dual-lane purposes, called strategic alliances or strategic partnerships. 6.How might managers use SWOT abridgment to identify new applications for electronic commerce in their strategic business social unit of measurements? * SWOT is the acronym for Strengths, Weaknesses, Opportunities, and Threats. By using this, the analyst first looks into the business unit to identify its strengths and weaknesses. Then the analyst reviews the environment in which the business unit operates and identifies opportunities presented by that environment and the threats posed by that environment. 7. In about cc words, explain the difference between language supplanting and language localization. wrangle translation is the process of restating some text written in one language in a different language. In other words, to submit is examine some original text, written in what is called the source language, and to issue a corresponding text in different language, called the target language, with th e remnant of preserving the tone and meaning of the original text. * Language localization is a translation that considers multiple elements of the local environment, such as business and cultural practices, in addition to local dialect variations in the language.The cultural element is precise important since it can affectand sometimes completely changethe users interpretation of text 8. In a paragraph, describe the advantages of a flat-rate telecommunications retrieve system for countries that want to encourage electronic commerce. * In the fall in States, telecommunications companies have long sold local telephone service as a flat-rate access system, in which the consumer or business pays one periodic fee for unlimited telephone line usage.Activists in European countries argued that flat-rate access was a key to the success of electronic commerce in the get together States. Although many factors contributed to the rapid rise of U. S. electronic commerce, many industry anal ysts delay that flat-rate access was one of the most important. As more European telecommunications providers began to spree flat-rate access, electronic commerce in those countries increased dramatically.