Business Studies - An Into To Markets

Markets & E-commerce

Markets

Definition - A place where buyers and sellers meet to exchange goods and services.

E-commerce

Definition -Online business such as 'Ebay'.  

Costs

• Businesses have to be more competitive to contend with new online businesses offering products which rival theirs.
• Expense of setting up and maintaining the website
• Businesses have become exposed to fraud or hacking, meaning they have lost money and reputation if the behaviour is exposed
• …