Ecommerce, Digital Goods and Markets

Market creators – Provide a digital environment where buyers and sellers can establish product price

Free Revenue Model – Offering some services for free but charging a subscription fee for premium services

Long Tail Marketing – There is always some demand for a product, however small

What event marked the start of e-commerce – The first paid advertisement

Internet Technology Standards – Referred to when discussing universal standards

Price Discrimination – Selling the same goods to a different group at a different price

Dynamic – Varying a products price according to the supply situation

Information Asymmetry – When one party has more information that is more important than the other party