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What are Internet Business models? Give examples of them. Outline how they might be used and their limitations.
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What are Internet Business models. Give examples of them. Outline how they might be used and their limitations. The Internet can help companies create and capture profit in new ways by adding extra value to existing products and services or by providing the foundation for new products and services. The Internet Business models are abstraction of what and how the enterprise delivers product or service, showing how the enterprise creates wealth by taking advantages of the Internet's rich communication capabilities. They provide the customer with a new product or service; they provide additional information or service along with a traditional product or service, or they provide a product or service at a much lower cost than traditional means. The most important Internet Business models that have emerged include: Virtual storefront. It sells physical goods or services on-line instead of through a physical storefront or retail outlet. Examples are Amazon.com, WingspanBank.com Marketplace concentrator. It...
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