Chapter 7, Problem 7DQ

Explanation of Solution

Determining whether business get benefits via internet:

There are some of the things which used to decide both success and failure of a business on the market. By missing in any of the few things might leads to failure in business:

• Website traffic
• Website appearance
• Keywords and back links for indexing in the searching

The factors which provides competitive advantages by the internet and it should be used wisely to get business benefits are given below:

Information, accessibility and knowledge distribution are improved by the internet. Apart from that, it will decreases the cost required for transmission, agency costs, storage and transaction.

• Internet can built or re-built the key business process.
• It gives more information to the customers, which increase their bargaining knowledge...