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Q3:

How could a business use the Internet technologies to form a virtual company or become an agile competitor?

Answer:

An agile company always depends on Internet technologies to be approachable to its customers with modified solutions to their needs and collaborate with its customers, suppliers, and other businesses to bring products to market as fast and cost-effectively as possible.

Companies use the Internet to distribute information about themselves and their products. The Internet provides a cost-efficient way for companies to develop strategic alliance, operations, marketing, and alliances in global markets..

for example Amazon put their physical products online and makes easy and safety transaction of products.

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Q4:

How information technology can be used to implement the five basic competitive strategies? List the five basic competitive strategies and explain each one.