Currently, a great deal of focus are new businesses arising to eliminate many of the traditional "middle men" when buying/selling products. Such is the case with many business and websites, such as Etsy. How are "middle men" (financial intermediaries) also being eliminated today?

Currently, a great deal of focus are new businesses arising to eliminate many of the traditional "middle men" when buying/selling products. Such is the case with many business and websites, such as Etsy. How are "middle men" (financial intermediaries) also being eliminated today?

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Similar questions

Weigh the benefits and drawbacks of five popular web hosting providers for businesses (e.g. Daraz).
Businesses strive to be the leader in their industry. For this reason, they look for strategies that will boost their sales and keep customers coming back. One strategy is to use information and communication systems to manage data, reduce workload, and assist with task management. As with many things, there are both risks and rewards to using information and communication systems. 1. Conduct an Internet search to identify three common business uses of information and communication systems. 2. For each business use, identify two advantages and two disadvantages of each.
Imagine you are considering starting your own retail business. Narrow your business ideas to selling one type of perishable goods (such as a bakery) and one type of non-perishable goods (such as a clothing boutique) and share that decision with the class. Discuss the pros and cons of selling each type of item. Between the perishable items or non-perishable items businesses, which would you choose? Why? share one perishable goods business and one non-perishable goods businessdiscuss pros and consdisclose which business you would pursueexplain why you made the decision that you did
Add more to this paragraph Amazon Business's economic impact on businesses is notable. Through Amazon Business, small and medium-sized businesses have access to a vast customer base, which can help them expand their market reach. Economically, Amazon has played a significant role in shaping the e-commerce industry and has contributed to economic growth.Additionally, Amazon offers competitive prices and excellent customer service, which can help businesses save costs and improve their efficiency. However, Amazon's dominance in the e-commerce sector has led to the displacement of traditional retailers, affecting their economic viability. This has led to concerns about the concentration of market power and the potential negative impact on small businesses, which could negatively affect the economic pillar of sustainability. Additionally there are also concerns about Amazon's market monopolisation and the impact this may have on smaller businesses. Therefore, responsible management…
Match each business model type with the correct description. Remember to select a different business model type for each description. Business model type Product business model Multisided business model Solution business model Matchmaking business model Description A company controls a platform where sellers and buyers exchange products or services. A product or service is designed according to specifics defined by each customer. A product or service is offered to customers. A company provides different products and services to different groups of clients who gain some benefit from the existence of the other group of clients.
What qualifies as a popular website? What alternatives do small businesses have if they cannot afford it?
Social media has become a pervasive presence in our world, is what is the role of social media in the field of accounting and finance and associated professions?
Provide a concise overview, suitable business information system for a small company board of directors, of the different levels and types of Information Systems, and the benefits they could provide to the small company.