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Unformatted text preview: merce auctions match buyers and sellers by using
an e-commerce version of a standard auction
Clearinghouses provide goods and services at a stated
price and arrange for the delivery of the goods, but they
never take title
Electronic exchanges match buyers and sellers; the
business process is similar to that of a stock exchange 1-9 Benefits of E-Commerce 1-10 Issues with E-Commerce Channel conflict
Customer service expense
Taxation What is Social Networking, and How is it
Enabled and Affected by IS/IT?
A social network is a structure of individuals
and organizations that are related to each
other in some way Social networking is the process by which
individuals use relationships to communicate
with others in a social network 1-11 1-12 What is Social Capital? Business literature defines three types of capital: Physical: the investment of resources for future profit
Human: the investment in human knowledge and skills for future
Social: investment in social relations with the expectation of
returns in the marketplace Social Capital adds value in four ways: Information
Personal reinforcement 1-13 The Importance of Weak Relationships
Strong relationships create the most social
capital in a social network Weak relationships contribute the most to the
growth of social networks Weak tie: the people you know the least but they
contribute the most to your network Weak links add the greatest number of n...
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This document was uploaded on 01/23/2014.
- Winter '14