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Electronic Commerce
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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 volumes of information. More recently the Internet has b ....
Middle of paper ....en countries. For example when the machinery for one of General Electric's light-bulb factories broke down, GE would invite bids from four domestic suppliers. With the help of the Internet General Electric extended its bidding abroad, and awarded the contract to a Hungarian firm saving 20%. The Internet will also increase price transparency dramati.... |
Word count: 691 |
Page count: 3 |
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