How Can the Internet Be Used for Competitive Advantage in Business

question 22

Essay

How can the Internet be used for competitive advantage in business? Describe three firms which are using the Internet for conducting business, and speculate as to the underlying technologies which might be in use in these firms. Will the Internet become an essential business tool like the telephone or will it go the way of the dinosaurs? What do you envision the Internet and web becoming in the future for businesses? Discuss.

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Definitions:

Threading

The process of creating a screw thread on a cylinder or cone to allow for parts to be screwed together.

Floating Caliper Pins

Components of a disc brake system that allow the caliper to move slightly so it can center itself over the rotor, ensuring even wear of the brake pads.

Chassis Grease

A lubricant used on the chassis of vehicles to reduce friction and prevent wear and tear on moving parts.

Disc Brake Service

Maintenance and repair tasks related to the disc brake system of a vehicle, including pad replacement and rotor resurfacing.