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Small Business Management 5th Edition by Timothy Hatten
Edition 5ISBN: 978-0538453141Small Business Management 5th Edition by Timothy Hatten
Edition 5ISBN: 978-0538453141 Exercise 1
This chapter discussed the evolution of small business in the U.S. economy. On the heels of the rapid growth in the popularity of Internet businesses in the late 1990s and the ensuing bust in 2000, what will be the next stage in small business's evolution Is the Internet just another business tool, or will it re-create the way business is done
Explanation
Verified
Verified
Internet:
Internet is a network that consists of a million public, private, business, and government networks, from a local to global scope, connected by a broad array of electronic, wireless, and optical networking technologies.
Statement:
" Internet re-creates the way business is done"
Justification:
Internet has brought tremendous changes in the business environment. Internet has made many companies around the world to re-create their business plans.
Internet has formed a complete business function frequently referred to as e-business. The e-business represents the utilization of internet and the business skills in a company's operations. Many companies have started implementing various forms of business or internet technology in their business operations.
Internet has been a significant feature for many companies because communication and transfer of information are being done using the internet. E-mail has been very helpful and cost efficient for the companies in several ways. Companies have started to develop business websites which allow the consumers to provide feedback about the company and its product before making a purchase.
Internet has allowed many companies to find ways to lower the operational cost of the company. Companies implement business software with the help of internet, this software helps the company to review the effectiveness and efficiency of each department.
Internet is a network that consists of a million public, private, business, and government networks, from a local to global scope, connected by a broad array of electronic, wireless, and optical networking technologies.
Statement:
" Internet re-creates the way business is done"
Justification:
Internet has brought tremendous changes in the business environment. Internet has made many companies around the world to re-create their business plans.
Internet has formed a complete business function frequently referred to as e-business. The e-business represents the utilization of internet and the business skills in a company's operations. Many companies have started implementing various forms of business or internet technology in their business operations.
Internet has been a significant feature for many companies because communication and transfer of information are being done using the internet. E-mail has been very helpful and cost efficient for the companies in several ways. Companies have started to develop business websites which allow the consumers to provide feedback about the company and its product before making a purchase.
Internet has allowed many companies to find ways to lower the operational cost of the company. Companies implement business software with the help of internet, this software helps the company to review the effectiveness and efficiency of each department.
Small Business Management 5th Edition by Timothy Hatten
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