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Virtual Business

Virtual Business. Start-ups – also known as a new business Boom of them when the internet started conducting business on-line What can you buy on-line?. Virtual Business. E-commerce (electronic commerce) Business done over the internet E-tail Electronic retail – Amazon.com

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Virtual Business

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  1. Virtual Business • Start-ups – also known as a new business • Boom of them when the internet started conducting business on-line • What can you buy on-line?

  2. Virtual Business • E-commerce (electronic commerce) • Business done over the internet • E-tail • Electronic retail – Amazon.com • J Crew sells items in stores, by mail and on-line • This is an example of a multi-channel retailer

  3. Virtual Business • E-commerce makes it easier for companies to put their catalogues on-line • Saves money putting them on-line vs. mailing them to the consumer

  4. Virtual Business • How does E-tail benefit consumers • Convenience • Shop from home • Internet never closes – shop 24 hours a day • Choices • Easier to compare prices between companies • Many options in retailers to buy the same things

  5. Virtual Business • What are disadvantages to E-tail • Buying power • Easy to overspend or buy the wrong items • Other charges • Shipping charges, return charges are higher • Immediacy • Have to wait for the products to be delivered • Relying on observation • Can’t try on a pair of shoes or sit in a chair on-line – you have to rely on pictures

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