List and Describe the Three Main Categories of Electronic Commerce

question 42

Essay

List and describe the three main categories of electronic commerce.Which do you think is ultimately the most valuable to the individual consumer? Support your answer.

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Definitions:

Work

The exertion of effort or the accomplishment of tasks to produce goods, provide services, or achieve certain outcomes.

Social IOUs

Informal obligations or expectations for reciprocal actions within personal and professional networks, often based on goodwill or past favors.

Political Tactic

Strategies or maneuvers used within an organization or political setting to gain advantage or influence outcomes, often involving power and negotiation.

Empire Building

The practice of accumulating power and control within an organization for personal gain, often at the expense of overall efficiency.