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Through e0commerce, sellers can sharply reduce their cost of executing sales and procuring inputs, reformulate supply chains and logistics and redefine customer relationship management.
2.) Why are tastes converging around the world?
- There is an increasing trend around the world. Tastes in the United States affect tastes around the world, and tastes abroad strongly influence tastes in the United States. While some national differences will surely remain, the information revolution and cross-fertilization of cultures can be expected to accelerate the global convergence of tastes this has important implications for all firms...
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