GK
MARKETING MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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E-Commerce can help to reduce cost.
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E-Commerce increases potential market share.
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E-Commerce increases the net cost per contact.
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E-Commerce offers greater flexibility in meeting consumer needs.
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Detailed explanation-1: -The correct answer is High initial cost. The high initial cost is not an advantage of an E-commerce business.
Detailed explanation-2: -Save Time. Saving time is one of the major benefits of e-commerce. Customers can order anything you need online, even groceries to cook. E-shops are open 24/7/365, so you can shop at any time.
Detailed explanation-3: -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.
Detailed explanation-4: -Customers have concerns about privacy and security. Some consumers are still wary about giving out personal information, especially credit and debit cards, to online sources. Lack of in-store engagement with customers. The added cost of operating an online store. 23-Mar-2021
Detailed explanation-5: -Ecommerce Disadvantage #1: No One Can Buy During a Site Crash. Ecommerce Disadvantages #2: Customers Can’t Try Before They Buy. Ecommerce Disadvantage #3: Ecommerce Is Highly Competitive. Ecommerce Disadvantages #4: Customers Can Be Impatient. Ecommerce Disadvantage #5: Shipping Times Can Be Lengthy. More items •20-Dec-2019