Week 4

In class this week, we discussed the functions of beta's and the many different applications they are found in. We also discussed websites such as woot.com, facebook.com, and ebay.com. Woot and eBay are similar websites in that they auction off products to the general public based on a bidding system. Both of these websites are able to get rid of products at a rate that customers want, at a price that they desire. We discussed the topics of key partners, key activities, key resources, value propositions, and customer relationships. We conversed amongst our group members about how each of these topics are attacked and executed by said companies. Seems like FaceBook is a website that often comes up in conversation, from both teacher and students.