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Electronic Commerce

Beginning of essay

The last decade has seen the rise of many new technological developments, one of the most prominent of these developments has been the internet. The Internet has already managed to weave itself into our daily lives where we use it for the simple communication of e-mail or to retrieving large volume ....

Middle of essay

....ctric extended its bidding abroad, and awarded the contract to a Hungarian firm saving 20%. The Internet will also increase price transparency dramatically and bring about price harmonization. With the capability to find and list thousands of firms selling the same or similar products in a matter of seconds it would be nearly impossible for firms to sell their products at higher prices. Furthermore, also dramatically reduces the overhead costs for firms. Location is no longer an issue for firms....
Number of words: 691 Approximate pages: 3

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