Question

How could a business use internet technologies to form a virtual company or become an agile competitor?

Answer 1

Companies can use the Internet to publish information about themselves and their products. Through their presence on the Internet, organizations can seek quick access to new markets, and allows them to create virtual companies and to be agile competitors.

The Internet promises to be a cost-efficient way for companies to develop strategic collaboration, operations, marketing, and alliances in global markets. Through the Internet, organizations can break time, geographic, cost, and structural barriers.

A business can create a web site to promote their company. They can sell their merchandise and products online creating a virtual company allowing their real company to grow and thrive.