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E-Commerce is a growing and dynamic field. It is of special concern for the IT students. Following are the fundamental aspects of these Lecture Slides : Online Auctions, Facebook, Facebook Applications, Limitations, Microsoft Responded, Significant Competitor, Online Auctions, Popular Consumer, Internet, Market Leader
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What does Mark Zuckerberg, Facebook’s CEO, mean by the“social graph?” Why have Facebook applications become so popular? Do theyhave any limitations? What are the core differences between Google+ andFacebook? Does Google+ offer significant advantages? How has Microsoft responded? Is Tumblr a significant competitor? Why or why not?
Auction house an intermediary
Business owns assets; often used for excess goods
Sell goods and services Allocate resources Allocate and bundle resources
No warehouses, shipping, or logistical facilities
Transaction fees
Listing fees - Financial services fees - Advertising or placement fees
Last much longer (usually a week)
Variable number of bidders who come and go from auctionarena
Neutral: Number of buyers and sellers is few or equal
Seller bias: Few sellers and many buyers - Buyer bias: Many sellers and few buyers
Figure 11.3, Page 728
