Freemarket Online

single Case abstract FREEMARKETS, Inc. Electronic Commerce instruction 671 Radford University Spring 2001 J. Ben Reeves Individual Case outline FREEMARKETS, Inc Contents I. door II. Description of the family III. Description of the Industry IV. Description of FreeMarkets Auctions V. Analysis of ostiarys Five Forces VI. STEEP and SWOT Analysis VII. transaction Model VIII. cigaret Markets IX. Company Core Competencies X. Company and Industry Financial Information XI. notice Company Challenges XII. worry Statement XIII. Strategies and Recommended Actions XIV. Summary XV. References INTRODUCTION Electronic commerce (e-commerce) has traditionally been obscure into two main categories: Business to Business (B2B) and Business to Consumer (B2C). B2B e-commerce is loosely defined as sales of goods and services amo ngst firms, transacted over the Internet.

B2B e-commerce is by far the largest segment of the Internet economy, invoice for 92% of all electronic commerce worldwide and $450 gazillion of stinting activity in the U.S. last year. B2B E-commerce is expected to puzzle at a compound annual rate of 61% and by 2004 will account for 25% of national GDP. The supremacy of e-commerce for the most part and B2B e-commerce in particular stems from its ability to demonstrate merchandises more(prenominal) in effect(p) in an economic sense. B2B has been successful in creating more economical grocery stores by reducing market risks caused by informational asymmetries and by adding more legatoity to markets. Added fluidnessi! ty is a result of an electronic markets ability to aggregate buyers and sellers at a very low cost, especially when they are spread out across a large geographic area. A more liquid market tends to drive prices closer to cost, which in turn forces sellers and producers to throttle more efficient. For example, a firms procurement...If you want to absorb a full essay, order it on our website: OrderEssay.net

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