It205 DQ2W7 - it’s a new computer store that was built around my home and it offers all the computer needs I can find Its website offers plenty

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
How is the Internet changing the economics of information and business models? Name and describe one Internet business model for electronic commerce. What is the difference between a pure-play Internet business model and a clicks-and-mortar business model? The Internet fundamentally reduces the cost of creating, sending, and storing information while making that information more broadly available. The Internet reduces search costs, allowing customers to locate products, suppliers, prices, and delivery terms. The Internet enables companies to collect and analyze more detailed and accurate information about their customers, allowing these companies to better market their products and services. The Internet minimizes information between the two and has transformed the richness and reach of information. It can help companies create and capture profits in new ways by adding extra value to existing products and services. I like
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: it’s a new computer store that was built around my home, and it offers all the computer needs I can find. Its website offers plenty of sales when you purchase online and you can pick anything from computers to gaming consoles, also they have televisions for sale. Bricks-and-mortar business model is the conventional commercial transactions, where a product will be manufactured from the manufacturer. However, it may need to go through inventory keeping in distributor level. After that, the distributor will distribute the product to the next or next two levels of retailers before the product reached the end customers. Pure-Play business model is the internet business purely transacted in electronic commerce environment, where this business model does not have any conventional brick-and mortal business components, where it does not require distributors, retailers before the products or services reached end customers....
View Full Document

This note was uploaded on 06/12/2011 for the course IT 205 1 taught by Professor Managementofinformationsystems during the Spring '11 term at University of Phoenix.

Ask a homework question - tutors are online