Digital Economic Essay Example | Topics and Well Written Essays - 2500 words

Digital Economic - Essay Example challenger is a factor that is brought slightly by the fact that there are many sellers, who in twine make the firms that are available to be price takers. It also includes the sale of homogenous products. Because of this, as is the vitrine that is presented by Thomson, there are chances of both easy entry and exit. However, it is involved with the perfect knowledge about the product, as well as adequate information about their pricing.The speculations were raised because, with the explosive growth of the internet, it was thinking that there would be the availability of perfect information on the prices and products at the fingertips of more or less of those involved. With this, the consumers would be cave in placed to get the best deals. Thus, it was perceived that it would be a brave realism whereby the profit margins of retailers would be competed away and they would be forced to price at a cost. They thought that the internet would reshape the world of commerce by dominating most of the businesses in existence within the established trading environments. As such, it would in the long run attain a position of dominion within the global market.However, the menstruation trends in internet retailing have revealed that this has not happened as the earlier commentators have realized that most of their speculations were rather overblown since the high street market has weathered the storm. This is mainly because the retailers who are taking firearm in the activities are not making their own custom cannibal the marketplace is not organism fully dominated by the virtual merchants and the fact that the high streets have not been completely format out of business. Thus, most of the predictions that were made at the dawn of the internet era have not induce to reality. This is in spite of the fact that some of speculations have come to pass. They include the vital role that is soon being played by the electronic intermediarie s, especially on the aspect of making one-on-one merchandising become a