Question: 1. Why may the Internet work better for replacement buys than for new purchases? 2. Give three examples of products that are particularly suitable for

1. Why may the Internet work better for replacement buys than for new purchases?

2. Give three examples of products that are particularly suitable for selling over the Internet and three that are not. Explain your answer.

3. As Amazon has grown in size it has acquired substantial monopoly power. What are the barriers to entry for other companies wishing to act as a marketplace for B2C and B2B business?

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1 With replacement buys the consumer knows the product and can use the Internet to obtain them more cheaply With firsttime purchases bought over the Internet there is more risk It is not possible to s... View full answer

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