Title: Transaction Costs in Ecommerce and Transitioning of the Internet for Commercial Activities

Contents

1. What are transaction costs, and why they are important considerations in electronic commerce? How might a university use SWOT analysis to identify new degree programs that it could offer online?

2. In its early years, the Internet was a military project that became a science project with funding from the National Science of Foundation.  In one or two paragraphs, describe its transition to an environment that allowed and supported commercial activity.

Word count: 349