IS 300 digital vs traditional market shit
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20 Terms
1
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DM information asymmetry
lower
2
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TM info asymmetry
higher
3
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DM search costs
low
4
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TM search costs
high
5
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DM transaction costs
low
6
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TM transaction costs
high
7
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DM delayed gratification
high
8
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TM delayed gratification
low
9
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DM menu costs
low
10
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TM menu costs
high
11
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DM dynamic pricing
low cost; instant
12
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TM dynamic pricing
high cost; delayed
13
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DM price discrimination
low cost; instant
14
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TM price discrimination
high cost; delayed
15
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DM market segmentation
low cost
16
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TM market segmentation
high cost
17
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DM switching costs
higher/lower (depends)
18
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TM switching costs
high
19
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DM network effects
strong
20
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TM network effects
weak