Internet Business Models

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Internet Business Models The Internet can help companies create and capture profit in new ways by adding extra value to existing products and services or by providing the foundation for new products and services. The Internet Business models are abstraction of what and how the enterprise delivers product or service, showing how the enterprise creates wealth by taking advantages of the Internet's rich communication capabilities. They provide the customer with a new product or service; they provide additional information or service along with a traditional product or service, or they provide a product or service at a much lower cost than traditional means. The most important Internet Business models that have emerged include: Virtual storefront. It sells physical goods or services on-line instead of through a physical storefront or retail outlet. Examples are Amazon.com, WingspanBank.com Marketplace concentrator. It concentrates information about products and services from multiple providers at one central point. Examples are ShopNow.com, InsureMareket On-line exchange. It is a bid-ask system where multiple buyers can purchase from multiple sellers. Examples are Asia Capacity Exchange, E-Steel. Information broker. It provides product, pricing, and availability information. Example is PartNet. Transaction broker. It enables buyers to view rates and terms from various sources. Example is E*TRADE. Auction. It provides electronic clearinghouse for products where price and availability are constantly changing, in response to customer demand. Examples are eBay, Ubid. Reverse auction. It enables consumers to su... ... middle of paper ... ... system can make manufacturing information more accessible to different parts of the organization, increasing precision and lowering costs. The applications include quality measurement, maintenance schedules, design specifications, machine output, order tracking, etc. Digital Information Services Powerful and far-reaching digital information services enable networked PC and workstation users to obtain information from outside the firm instantly without leaving their desks. Commercial service provides desired mix. Distance Learning Distance learning is education or training delivered over a distance to individuals in one or more locations. It can be accomplished with print-based materials and based on information technology, including teleconferencing or interactive multimedia, including the Web sites.

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