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Write 4 page essay on the topic Face Book Dilemma.The chapter focuses on the unique features of e-commerce, the digital markets and digital goods. Authors Laudon and Laudon discussed how the internet
Write 4 page essay on the topic Face Book Dilemma.
The chapter focuses on the unique features of e-commerce, the digital markets and digital goods. Authors Laudon and Laudon discussed how the internet has transformed the way consumers value products and services accessed through the web and its effect on business models. The case, Facebook’s dilemma exemplified an application of e-commerce, as it has been defined as “a social networking website that was originally designed for college students, but is now open to anyone 13 years of age or older. Facebook users can create and customize their own profiles with photos, videos, and information about themselves. Friends can browse the profiles of other friends and write messages on their pages”. The term e-commerce is revealed to include “business activities that are business-to-business, business-to-consumer, extended enterprise computing (also known as "newly emerging value chains"), d-commerce, and m-commerce. E-commerce is a major factor in the U.S. economy because it assists companies with many levels of current business transactions, as well as creating new online business opportunities that are global in nature”. The opportunities for interface and the ability to generate interconnections through friends, colleagues, users, organizations and commercial enterprises make Facebook conducive to enhance e-commerce applications, including solicitation of advertisements, promotions and investments at various fields of endeavors.
