Question

3. What are the unique features of e-commerce technology? Describe the basics of each feature and how it relates to e-commerce. 4. What are some of the major advantages and potential disadvantages of being a first mover?

Answer 1

Answer 3 : The unique features of e- commerce technology are :

1. Ubiquity : It means that electronic commerce of trading business are available just about everywhere and all the 24*7 .
2. Global reach : It means that there is huge potential market size and equal to size of on-line population.
3. Universal standard : The standard of conducting e-commerce should be quite resistance and high
4. Richness: Information is quite rich and delivered the product or service in best possible manner.
5. Interactivity : e-commerce had been allowed two way communication between the Businessman or producer with the consumer.
6. Information density: it means that Electronic Commerce has been provide detailed information to the consumers so that they can satisfied.
7. Customisation : It means that personal satisfaction provided by the producer directly to the consumer.

Answer : Major advantage of first mover are:

• If successful, the firm earn above average return until other competitors respond.
• Develop customer loyalty.
• Proper working environment.

Disadvantage :

• Higher risk
• Higher development cost
• Higher demand uncertain.