transaction cost component(products)
-there are three types of transaction costs:
1) search and information costs:
When people need clothes, need to find information to make sure produce good and cheap price. The cost to be used in transactions will become very high. The good products available on the market, which has the lowest price.
2)bargaining costs:
We intend to do business online store. Negotiation costs may be to shop on the Internet. And the agreement can be negotiated between customers and businesses. May have to subscribe to the shop. buy 1 times is a promotion to the buyer, and can make more customers than ever, as well as more earnings.