Chapter B, Problem B12.1MBD

Explanation of Solution

Significant trends in e-business industry:

• The significant trends in e-business industry includes:
  • The brick and mortar stores are losing market share to online stores.
    • The brick and mortar denotes street side business that deals customers in office.
    • It finds difficult to compete with web based business.
    • The e-business requires low operating costs and greater flexibility.
    • The brick and mortar allows customers to touch and try items before purchase.
    • Transactions may require physical presence whereas e-business does not have such a requirement.
    • It denotes having established online business for capturing online retailing.
  • The population growth in developed countries is getting stalled.
    • The business growth leads to market tapping.
    • More people entering market, can improve business.
    • More people are getting attracted to digital market zones.
    • Purchasing and dealing with products has become so easy task in e-business.
    • There is no waste of time, payment and other factors in e-business...