Rex Byron A. Roxas

“People in networked markets have figured out that they get far better information and support from one another than from vendors. So much for corporate rhetoric about adding value to commoditized products.”

An ordinary vendor is a manual way of working for a living they cannot get information about what is happening in other retail businesses or what is happening in the retail businesses around the world. An ordinary vendor is a solo way of pursuing the retail businesses or in the market. He or she does not have the tool of knowing what is happening in other retail businesses. People in networked markets have figured out that they have the power or has the advantage to get information from other people that are in the market. People in the market are improving when it comes from their businesses skills because they get information from each other and they learn based from the experiences from each other. People in the networked market can also get along and get the competitiveness with other fellow business people because of the information that they learn from each other. It has so many information from the people that are in the market itself. They advice or tell opinions on what can they say for the product or what sre the suggestions for the product and services for the product.

I have learn from this statement that some people in the networked market has the advantage over an ordinary vender because and ordinary vendor cannot learn from other competitor.  Learning from other competitor can make you improve on what you are performing in your current business. Learning from other experience from other competitor make you good In doing business.