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Electronic Markets Definition

Electronic Markets Definition
Electronic Markets Definition

Electronic Markets Definition

One of the effects of the Internet is the ability to bring buyers and sellers together in a virtual space, that’s create electronic markets. These markets are commerce Web sites on the public Internet that allow buyers and suppliers to meet and trade with each other. These electronic markets are also known as online markets or e-hubs. They may also offer additional services, such as logistical services or payment. These markets may also support other activities, like sponsoring online discussions, providing research on customer demand, industry forecasts and so on. E-Markets offer sellers many opportunities to find the best price for the goods they’d like to sell and reduce transaction costs.

Many different market mechanisms are made available to e-Markets’s participants, and the market’s flexibility may thus be customized to serve any industry ‘s full supply chain. Actually, electronic markets present ideal structures for commercial exchange, because of the efficient attained by tightening and automating the relations between sellers and buyers of services and products.

In fact, every market, whether online or not, represents a complex assembly of buyers and suppliers united by intricate lines of power and dependency. And everyone must keep in mind that each market carries a built-in measure of inefficiency. E-Markets, however, minimize that inefficiency by tightening the relationships between a person who wants to sell his or her old device and buyer. E-Market promotes transparency and offers the closest approximation to a perfectly efficient trading system developed so far.

For an intelligent buyer, the more suppliers in an electronic market, the more purchase alternatives he offers, the more benefits he can extract. He search for the best value proposition and helps sellers avoid intermediaries and get the most of the devices they don’t need anymore, as well as any other merchandise, the seller is willing to sell.

The conclusion is thus very simple: If you’d like to sell your old smartphone or laptop computer, you should choose an intelligent and reliable buyer, such as iGotoffer.com.

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See also

  • Apple Encyclopedia: all information about products, electronic devices, operating systems and apps.

 

Electronic Markets Definition

Electronic Markets Definition

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