FREEMARKETS, Inc.
Electronic Commerce
Management 671
Radford University
Spring 2001
J. Ben Reeves
Individual Case Analysis
FREEMARKETS, Inc
Contents
I. Introduction
II. Description of the Company
III. Description of the Industry
IV. Description of FreeMarkets Auctions
V. Analysis of ostiarys Five Forces
VI. STEEP and SWOT Analysis
VII. Business Model
VIII. cigaret Markets
IX. Company Core Competencies
X. Company and Industry Financial Information
XI. notice Company Challenges
XII. Problem Statement
XIII. Strategies and Recommended Actions
XIV. Summary
XV. References
INTRODUCTION
Electronic commerce (e-commerce) has traditionally been obscure into two main categories: Business to Business (B2B) and Business to Consumer (B2C). B2B e-commerce is loosely defined as sales of goods and services between firms, transacted over the Internet.
B2B e-commerce is by far the largest segment of the Internet economy, accounting for 92% of all electronic commerce worldwide and $450 billion of stinting activity in the U.S. last year. B2B
E-commerce is expected to grow at a compound annual rate of 61% and by 2004 will account for 25% of national GDP.
The success of e-commerce for the most part and B2B e-commerce in particular stems from its ability to make merchandises more(prenominal) in effect(p) in an economic sense. B2B has been successful in creating more economical markets by reducing market risks caused by informational asymmetries and by adding more legatoity to markets.
Added liquidity is a result of an electronic markets ability to aggregate buyers and sellers at a genuinely low cost, especially when they are spread out across a large geographic area. A more liquid market tends to drive prices closer to cost, which in turn forces sellers and producers to croak more efficient. For example, a firms procurement...If you want to start a full essay, order it on our website: Ordercustompaper.com
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