Define the Term Industry Structure and Discuss the Ways the Internet

question 7

Essay

Define the term industry structure and discuss the ways the Internet and e-commerce have changed the five forces that characterize industry structure.

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Definitions:

Commercial Purpose

Activities, projects, or transactions intended for business interests or financial gain, as opposed to personal or non-profit endeavors.

Merchant's Choice

In the context of credit card processing, it refers to a retailer's ability to choose which payment networks or cards they accept.

Sale Of Goods

The transaction between parties for the exchange of tangible and movable items for a price.

Natural Gas

A fossil fuel formed from the remains of plants and animals, used as an energy source due to its combustibility for heating, electricity generation, and as fuel for vehicles.