Concept of virtual community

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Reference no: EM132970079

A Virtual Community is a network that operates within an individual's social network via any specific media and has no geographical or political boundaries. The main goal of a virtual community is to create socialization, which means that people can freely communicate their thoughts, opinions, and expertise. Today, a plethora of business models are being developed in the brief existence of E-Commerce. E-Commerce facilitates this type of business model transaction and make use of the Internet's and WWW's unique capabilities.

These business models or enterprises have adapted the concept of Virtual Community to promote their products, advertisements, and online businesses globally.

1.Identify 2 virtual communities in New Zealand and outside New Zealand.

2.Discuss how the virtual communities integrates e-Commerce platform to the members.

3.Discuss advantages and disadvantages of e-Commerce in virtual communities.

4.Opinion on future trends of virtual communities.

Reference no: EM132970079

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