HELP! * GREY=local LOCAL HTML version of Foils prepared 31 January97

Foil 32 Scenario: Virtual World

From Future of Multimedia Internet Systems CPS640 MultiMedia and WWW -- Spring 97 Semester. by Marek Podgorny * See also color IMAGE

The Business Environment (4)
Shopping has survived as merchants have made their stores mini-theme parks.
  • New way of shopping: consumers "experience" big ticket products in traditional stores, but often complete the transaction via the Net using instant debit technology.
  • Majority of many households' financial transactions as well as purchases of basic goods and services (e.g. food, household supplies, and entertainment) are handled over the Net. This has contained the "threat" of retail "slotting fee blackmail," and has provided unlimited shelf space.
The Net has provided market research companies access (with the consumers consent) to the buying habits of large cross sections of consumers.
  • This valuable information has been made available for a small fee to the many small companies that market on the Net and is responsible for these companies ability to anticipate the consumer's desires.



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