CMPT 100 Lecture Notes - Eworld, E-Commerce

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Document Summary

The speed of change in the e-world is very fast: new ideas can gain traction very quickly and spread widely and virally, small players can become big incredibly quickly: think google and most other software companies. All business activities using electronic data transmission conducted over the internet. Difficult to do: get and keep critical mass of customers, predict costs of ever-changing technology, hire and retain employees, integrate with existing databases/software. For consumers: not being able to physically inspect stuff, longer sales period.