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The e-commerce markets make it easier for buyers to purchase products from distant seller, but the lack of the conventional ways to assess the quality of a product may brings on the cyber 'lemons' problem. This paper builds the equilibrium model between e-commerce and traditional marketplaces. This paper concludes that if 'lemons' problem persists in both two marketplaces, a sub-optimal equilibrium...
Statistical quality and process control are integral to the production process, ensuring continuous, in-control operations and enquiring into the micro processes, structures and dimensions that determine conformance. Quality management systems (QMS) and inspection plans tend to be confined to the firm and do not account for external processes. In recent years a shift toward supply chain (SC) dominated...
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