Identify and describe five internet business models
> > > "identify and describe 5 internet business models" Business models are perhaps the most discussed and least understood aspect of the web. There is so much talk about how the web changes traditional business models. ... In the most basic sense, a business model is the method of doing business by which a company can sustain itself -- that is, generate revenue. The business model spells-out how a company makes money by specifying where it is positioned in the value chain. Some models are quite simple. ... Internet commerce will give rise to new kinds of business models. ... But the web is also likely to reinvent tried-and-true models. ... A simple definition of an internet auction is that it is an electronic clearinghouse with a variety of products, and prices that change in response to demand. ... The difference here is that the sellers compete to win business from the buyer. ... b I think the best way to explain the auction as an internet model is through the use of this example.