Explain How the Internet and the Web Make E-Commerce Possible

question 80

Essay

Explain how the Internet and the Web make e-commerce possible. Briefly discuss at least four features or services that support e-commerce.

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Definitions:

Learning Curve

The concept that people improve efficiency and decrease cost over time as they gain experience in a particular task or operation.

Marginal Productivity

The additional output that is produced by using one more unit of a particular input while keeping other inputs constant.

Marginal Cost

The additional expense incurred from producing and selling one more unit of a good or service.

Profits

The financial gain realized when the amount earned from a business activity exceeds the expenses, costs, and taxes involved in sustaining the activity.