Describe the Migration of the Internet from Web 1

question 34

Essay

Describe the migration of the internet from Web 1.0 to Web 3.0.

Understand the characteristics of competitive advantage and the factors that contribute to sustaining it.

Identify and analyze the patterns of strategic decision-making within organizations.

Recognize the role of organizational culture in shaping strategic direction.

Understand the critical elements of a SWOT analysis and its application in strategic planning.

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Definitions:

Consumer Surplus

The contrast between the overall amount consumers are willing to pay for a good or service and the total they actually pay.

Supply

The total amount of a good or service that producers are willing and able to sell at a given price over a certain period.

Consumer Surplus

The rift between what consumers are economically prepared to spend on a service or product and their actual spending.

Consumer Surplus

The divergence between the total consumers can and are willing to pay for a product or service and what they truly pay.