Pros and Cons of Online Retailing

What is one of the main advantages of online retailing for customers?

• Limited product selection

• Convenience of shopping from home

• Higher prices

• Inability to compare products

How does online retailing provide access to a global market?

• By restricting sales to local areas

• By offering products only in physical stores

• By allowing customers to purchase from international sellers

• By increasing shipping costs

What is a benefit of lower operational costs for online retailers?

• Higher rent for physical stores

• Increased need for in-store staff

• Ability to offer competitive prices

• More expensive advertising

What is a negative aspect of increased competition in online retailing?

• Limited product variety

• Higher prices for consumers

• Difficulty for new businesses to enter the market

• Reduced customer choice

Why is data privacy a concern in online retailing?

• Because customers have to visit physical stores

• Because personal information can be misused

• Because products are not delivered on time

• Because there are fewer payment options

What is a common issue related to shipping and delivery in online retailing?

• Instant delivery of all products

• No tracking options available

• Delays and lost packages

• Free shipping for all orders

How does online retailing enhance customer convenience?

• By requiring in-person visits

• By offering 24/7 shopping access

• By limiting payment methods

• By providing fewer product details

What is a challenge of accessing a global market for online retailers?

• Increased local sales

• Navigating international regulations and taxes

• Reduced shipping costs

• Limited product availability

How do lower operational costs affect online retailers' pricing strategies?

• They lead to higher prices

• They allow for more competitive pricing

• They increase the need for physical stores

• They reduce the variety of products offered

What is a potential downside of increased competition in online retailing for consumers?

• Fewer choices available

• Higher prices

• Overwhelming number of options

• Limited access to international products