ECONOMICS
SUPPLY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Low variable costs.
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Low fixed costs.
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Very little labor needed.
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All of the above.
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Detailed explanation-1: -E-businesses offer several benefits over their brick-and-mortar counterparts. They allow companies to reach customers worldwide at a low operating cost and without geographical boundaries. In addition, they provide flexibility and efficiency in terms of time management and communication.
Detailed explanation-2: -E-commerce has the following advantages: geographic reach. 24x7 coverage. efficiencies of scale. information sharing.
Detailed explanation-3: -enhanced flexibility in presenting items without the constraints of a physical store. increased reach of your business to potential customers. selling products and services or generating enquiries outside of business hours. More items •11-May-2022
Detailed explanation-4: -Reduced overhead costs. Running an e-commerce store is a lot more cost-effective than running a physical store. No need for a physical storefront. Ability to reach a broader audience. Scalability. Track logistics.