GK
BUSINESS ECONOMICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Detailed explanation-1: -An estimated 2.14 billion people worldwide purchase goods online. 63 percent of shopping occasions begin online. Nearly half of the consumers shop more on mobile than in-store.
Detailed explanation-2: -The main difference between men and women is what they shop for. Men usually go for heavy-duty items like furniture and computers, while women typically shop for things like groceries and clothing. Moreover, the most popular product categories purchased online include clothing and footwear, books, and electronics.
Detailed explanation-3: -According to Statista figures, more than 263 million American consumers shop online-some 80% of the population-and this number is projected to climb to 291.2 million by 2025. The most popular online shopping categories in the US are fashion and media and electronics.
Detailed explanation-4: -Millennials and Gen Xers are the biggest online shoppers, with 67% of millennials and 56% of Gen Xers preferring to shop online versus in a brick-and-mortar store. Part of the reason you see these two segments of the population spending more money online is that they spend more time shopping online.