http://pages.stern.nyu.edu/~bakos/emkts-cacm.pdf based on the reading please ans

Question

http://pages.stern.nyu.edu/~bakos/emkts-cacm.pdf based on the reading please answer the following questions.

1.) What are the three functions of any market and what is the potential impact of the Internet on each of these functions?

2.) Briefly discuss what the author means by an intermediary. Which two of the three functions are intermediaries involved with?

3.) List three ways in which Internet technology has created new possibilities for intermediaries. Give examples of particular actual intermediaries that exemplify each item on your list.

4.) Take a look at the list of items under purchasing a new home in Table 2. Then take a look at Zillow.com and explain what advantages Zillow provides for buyers and sellers in the real estate market.

Explanation / Answer

http://pages.stern.nyu.edu/~bakos/emkts-cacm.pdf based on the reading please ans

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