Internet has changed the business environment from a Market place to a Market space. Online business has much wider scopes than offline businesses because of the wider reach-ability of it. The advent of the Internet has brought about dynamic pricing, which varies from consumer to consumer. In addition, the Internet has created price transparency that allows both buyers and sellers to view all competitive prices. This paper briefly analyses Internet-Based business and pricing of goods from a buyers perspective
Barkley et al (n. d) have mentioned that by decreasing marketing, communication, and information costs and increasing access to lower cost suppliers and services, internet purchasing will help a person to buy goods for cheaper rates compared the supermarket prices (Barkley et al, n.d, p.1). It is a fact that goods purchased through internet are cheaper in price compared to the goods purchased from a dealer or shop. This is because of the fact that the dealer needs to pay various kinds of taxes to the government whereas the ecommerce site owners need not pay taxes to the government. The reduction in tax burden will encourage the ecommerce business people to offer cheaper prices to products compared to that purchased from a shop or supermarket. Recently, I have purchased a microwave oven from a supermarket. After bringing that in my home, one of my friends told me that the price of the oven was little on the higher side compared to the prices offered by the ecommerce people. I checked the prices of the same model in the internet and realized that I lost around $25 in that small deal itself.
The emergence of Internet platform for business purposes has changed many of the traditional means and approaches of businesses. Companies started to devise cost effective ways to encourage their internet based businesses considering the immense advantages it provides to them compared to the
Not millions. Billions! In May 2005, the US Department of Commerce released figures reporting that e-commerce sales in the first quarter of the year had been up 23.8% from the previous year. E-commerce sales, which…
The paper recommends that David Inc. purchase locally or from local distributors to avoid trade dilemmas if not cross border sales complications. Buying local would shift the burden of shipping, insuring, and delivery of the items being bought right at the doorstep of the buyer will be on the account and responsibility of the seller.
This paper will discuss different economic approaches for Aslan communications’ price setting, and identify factors that may limit the firm’s choice in pricing decisions. The economic approaches consider elements such as demand, elasticity, cost, oligopolistic behaviour, market structure, product differentiation, and innovation management while setting price for a product.
This study will help e-marketplace service providers to provide precise information; effective negotiation support system and convenient decision support services across the dyad and attract more SME to use intermediary service. The perspective is needed to avoid the potential failure of currently successful e-marketplace.
This quantitative and qualitative method research study looked closely at the idea that Internet addiction is a problem with all the technology use on a daily basis. This study looked at 150 individuals between the ages of 18 and 70 to compile enough data to warrant concern regarding this problem.
The contracts have provisions that govern the interaction between the buyer and the seller so as to facilitate a smooth transition of the goods and the risks factors that may affect the transaction.1 As pointed out in the ruling of Stock v Inglis, FOB simply means that the seller is to deliver the goods to the buyer at a designated port and load those goods into a designated vessel as instructed by the buyer.2 The ‘free’ part signifies that the cost of delivery to the designated loading point is to be incurred by the seller.
Marketers around the world are racing to take advantage of its interactive nature to communicate and foster exchanges and relationships with customers, suppliers, and the public. One thing which is to be noticed is that impact of Internet and WWW (World Wide Web) have spawned every type of business to explore the nature of e-marketing and to enrich relationships with customers, employers and suppliers.
There are many factors that can be used to determine the price of a commodity which all depends on the most prevalent factor that is used in a marketing system. Price is the quantity payment that is given in exchange for something. Through this may have a different social meaning, it is used for monetary value in economics.
The author states that one of the ways in which doctors can meet the challenge of internet based patient awareness is through providing adequate advice to patients. Doctors are knowledgeable and have experience that helps them to understand diseases more that nonprofessionals that source for information from a variety of sources.
Therefore, liability with regards to increased costs above the agreed contractual price falls absolutely on the seller. This is especially the case where the variance stems from poor workmanship or logistics.
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