The Value chain for a product is the chain of adding value in creating and delivering a product. Because when a consumer buys a manufactured item in a store, it is merely one step in a complex process that began with the raw materials used in creating the item. At each step in that process, something of value was added. That value might have been refining the raw materials, molding them into a useful shape, transporting them for further processing, or selling the item to the final consumer.
The components of general commerce value chain are as follows.
1. Attract customers.
2. Interact with customers.
3. Act on customer instructions.
4. React to customer requests.
An individual basis may not calculate all the values for a product or may lose some components of general commerce value chain.
2. Is the Internet different from other media? Why?
One of the most important properties of the Internet that defines how the Internet is different from other media is that everyone can be a publisher, reaching the same worldwide audiences that giant media conglomerates reach.
Traditional mass media, such as newspapers, magazines, and television, reach large audiences, but the ability to do so is limited, either by the availability of scarce resources such as available television channels, or simply by the investment required to create and distribute the medium, but these limitations do not apply to the Internet.
According to "What is social media?", the author called Internet media as "social media" or "new media". Not like the old media, the new media (e.g. blog...) is infinite, syndicatable and linkable and easily reused, can be mashed up with data from other services...etc. It has the ability to interact with its audiences, and all the posts will be archived. You can modify the post at any time, and can put not only text, but audio, video, or photos in one post and hide your post if you want. To sum up, the Internet -new media- is very different from old media!!
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Regarding Q2, I recommend the article what is social media?
I've modified my homework. Thank you.
Sandra:
My apologies. I mistake Subby for you because your comments are so close with other. And I am still trying to memorize each of your names. It's my fault.
YJ
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