wow, this is it...Tutorial 10!

I must say, I really enjoyed this class. I feel like I learned a lot, so here are my last three terms that I will be posting about!

1). strategic alliance: is an agreement in which one company performs some business process for another company in exchange for money or the sharing of expertise. This sounds interesting. I have never heard of this, but apparently the book states that a strategic alliance is not always a good thing. If the company decides to sell competing products, the business can be in real trouble.

2). electronic funds transfers: banks have been using this for many many years. Electronic funds transfers are electronic transmissions of account exchange information over private networks. I believe this system is very efficient and benefits a lot of people. It is especially helpful when dealing with businesses overseas!

3). reducing transaction cost: this topic is familiar. I just think it is great how the Internet helps us save money when we shop online. It is much more efficient to shop on the Internet, or even look up information instead of driving around and looking for either information or even products in the stores. Searching the Internet for information or even products is even cheaper than using the telephone.

Well, I hope everyone enjoyed this class as much as I did.
Happy Holidays!