Word: mortaring
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Dates: during 1990-1999
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...seller in the world. Location becomes unimportant. You're not penalized for being a seller stuck in low-traffic, low-price Bismarck or a buyer shopping in high-cost Manhattan. Auctions also minimize transaction costs ("friction" in e-commerce-speak) and eliminate the need to operate bricks-and-mortar stores. Online auctions "wring out the inefficiencies in the supply-chain process," says FairMarket CEO Scott Randall. They also benefit from Metcalfe's Law (named after Robert Metcalfe, the founder of 3Com Corp.): the value of a network increases by the square of the number of people on it. Every time...
...Internet is Amazon.com the Web superstore that began selling toys this summer and plans to do to eToys what it did to CDnow in the online music business--knock it out of the top spot. Attacking from the street as well as from cyberspace are the classic "bricks-and-mortar" retailers Toys "R" Us and KB Toys, which were written off as Net players after the last holiday season but this year have developed online offshoots...
...parlance of the Web, Toys "R" Us and KB Toys are "clicks-and-mortar" businesses, combining their retail stores with online versions. Retail observers and investors are watching this holiday season closely for clues as to which type of operation is better positioned to serve customers and make a profit in the 21st century--the eToys model, which operates online only, or the Toys "R" Us version, with which old-fashioned chains are finally forging a Web presence...
SHOP AROUND Prices for games vary wildly but are usually better on the Web than in bricks-and-mortar stores. Try beyond.com gamefever.com or amazon.com...
...SHOP AROUND. Like everything else on the Internet, Rx prices vary wildly. A recent study in the Annals of Internal Medicine warns of the dangers of getting fleeced; Viagra and Propecia prices, it found, are around 10% higher online than in a brick-and-mortar pharmacy. Note too that the average online "consultation" is $70, and the average shipping cost $18. Is it really worth the convenience...