Question: 1) Define electronic commerce and how it has evolved in three waves of development. 2) Discuss why companies concentrate on revenue models and the analysis

1) Define electronic commerce and how it has evolved in three waves of development. 2) Discuss why companies concentrate on revenue models and the analysis of business processes instead of business models when they undertake electronic commerce initiatives. 3) Discuss how to identify opportunities for and barriers to electronic commerce initiatives. 4) Discuss how the international nature of electronic commerce affects its growth and development. 5) Discuss how economic forces have led to the development and continued growth of electronic commerce.

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