managerial economics case study mid term exam

managerial economics case study mid term exam - Midterm...

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Midterm exam;- economics 1.How does eBay create value? As I would like to think, web online closeout business makes an incentive by advantage. Since buyerscan't see items by their own eyes and they can't touch and attempt them. Purchasers just seephotos or recordings, and after that they request and pay cash. In any case, purchasers don't have the foggiest idea about theseproducts' quality, so eBay needs to demonstrate it. Presently we have numerous online shops. So buyerschoose just sheltered and solid online shop.If eBay can make protected and dependable online closeout shop, numerous venders and purchasers accessto eBay. Along these lines, eBay can offer many sorts of items and make esteem.
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2.What potential contracting problems exist on eBay? Unloading procedure is done through eBay site. In any case, eBay can't control installment from buyers and shipment from dealers. Along these lines, there might happen a few issues of non- paymentor non-shipment. Also, eBay ought to be exceptionally cautious on the
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