1. Supply and demand curves:
Supply of free news online is increased, people becomes unwilling to pay for subscription fee.
2. The world is flat
:
Facebook enables users to connect with others all over world.
3. moore’s law:
Availability of gmail storage space increases over years.
4. metcalfe’s law:
Instagram users connect with each others.
5. the long tail:
Pet-Sitting service is not common but there is a demand for it. Service provider can make a website and people can search for it online when they need it.
6. freemium:
Apple Music, Netflix, iCloud
What may happen 10 years later.
Smartphone will dominate the technology market.
Personalised service would be more common with more comprehensive data base.
The in-store retails will shrink and be replaced by online shops.
Group members:
Chan Nga Yan, Hazel 1155081733
Liu Tung Mei, Cynthia 1006601593
Poon Lok Yi Joyce 1155082158
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