Business Studies - An Into To Markets

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  • Created by: Luke
  • Created on: 29-08-13 19:40

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

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