You and your brother are owners of a family business, Grandma’s Treats

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You and your brother are owners of a family business, Grandma’s Treats. As co-owner, you have decided to try and increase sales by incorporating a company Web site and the use of electronic business transactions. Storefront Web sites make money, like many traditional businesses, by selling products or services for a predetermined price that will generate a profit above its cost.

Look on the Web for at least 2 companies that use at least 2 different business models (storefront, auction, portal, or a combination), and document your findings on how they may have a technological advantage over their competitors.

Select any one of the Web site types you have reviewed, and explain why it would be the most profitable for Grandma’s Treats. Which type of company do you think would be most profitable using that site type? Would the concept of dynamic pricing be applicable to the model you selected? Explain why or why not.

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Use the library, the Internet, and any other materials at your disposal to identify and justify advantages of using a specific business model to compete with other e-businesses. Which model would you choose for Grandma’s Treats?

 

 

 

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