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WorksheetsTopic 4 Digital Trading Notes Business
Total questions: 10
Worksheet time: 8mins
Give two advantages of digital trading to business.
Cost effective way of promoting the business to many customers, through search engine listings
Costs associated with the design, maintenance and updating of the website
Website information can be updated quicker than business documents, such as catalogues
Technical difficulties can lead to a poor corporate image
Give two disadvantages of digital trading to business.
Provides access to a global market
Costs associated with the design, maintenance and updating of the website
Adds additional legal and security issues
There will be a time delay between ordering the item and the delivery of it, this can also be expensive
Give 2 advantages of digital trading to business.
Provides access to a global market
Increased sales due to a larger market and the fact that people can trade digitally 24/7/365
Can shop from the comfort of their own homes
Have their products delivered without the inconvenience of visiting a shop
Give 2 disadvantages of digital trading to business.
Increase the level of competition faced by the business
Technical difficulties can lead to a poor corporate image
Some businesses will not need a high street location or expensive showrooms, this is a major cost saving.
Products may appear different on the website, meaning goods will have to be returned and postage costs paid
Give 2 disadvantages of digital trading to business.
Website information can be updated quicker than business documents, such as catalogues
Technical difficulties can lead to a poor corporate image
Can access important information, eg price comparison, online reviews
Security concerns can be a problem, especially when dealing with people’s money or personal details
Give 2 advantages of digital trading to business.
Adds additional legal and security issues
Some businesses will not need a high street location or expensive showrooms, this is a major cost saving.
Increased sales due to a larger market and the fact that people can trade digitally 24/7/365
Have their products delivered without the inconvenience of visiting a shop
Give 2 advantages of digital trading to business.
Website information can be updated quicker than business documents, such as catalogues.
Costs associated with the design, maintenance and updating of the website.
On-secure websites credit card or personal details could be intercepted.
Some businesses will not need a high street location or expensive showrooms, this is a major cost saving.
Give 2 disadvantages of digital trading to business.
Costs associated with the design, maintenance and updating of the website
Adds additional legal and security issues
Provides access to a global market
Can access important information, eg price comparison, online reviews
Give 2 disadvantages if digital trading to business.
Provides access to a global market
Website information can be updated quicker than business documents, such as catalogues
Increase the level of competition faced by the business
Security concerns can be a problem, especially when dealing with people’s money or personal details
Give 2 advantages of digital trading to business.
Security concerns can be a problem, especially when dealing with people’s money or personal details
Provides access to a global market
Increase the level of competition faced by the business
Cost effective way of promoting the business to many customers, through search engine listings
