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One difficulty of moving a small business from a traditional retail store to an online store is channel complications. In many cases, everything has to be reconsidered. For example, how will you communicate with your customers? How will they find product information? How will you accept orders? Manage payments? Shipping? These questions and many more have kept Harrison Kirby from making the e-commerce plunge. Harrison runs a local golf course with a shop of around 150 products. He would love to have a website that would facilitate e-business for his golf course. He wants online scheduling of tee-times (including coordination of group play), online shopping, and social network integration. Below you will find a letter from Harrison explaining what he would like for you to do. Hi! I have an interesting project for you. I am interested in an online presence for my golf shop. Specifically, I want to offer a few (less than 150) products online for in-store pickup or delivery. I would also like online scheduling of tee-times. I want you to search the web for companies that provide this type of product. Ultimately, you may recommend a combination of providers to accomplish all that I am trying to do. For example, your final recommendation may include a web hosting solution, logistics provider, and a CRM tool (Customer Relationship Management). Or perhaps you will find product that can be customized to provide all the functionality in one piece. Keep in mind that my shop is a small business and I do not have resources to manage a complicated system. I needs something that is fairly easy to implement, use, and manage. I have heard of online, cloud, as-as-service platforms that do not require local hardware. I think that this type of setup would be most useful to me, but I have no idea on the type of software I should use to support my business. After you complete your research, please send me a report with the following items: overview of the companies you learned about, your selections (and why you chose them), and how you feel this will help me accomplish my goals. I am very excited to see your work.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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