E-commerce

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    Created by
    sahasra ⋆˚𝜗𝜚˚⋆

    Cards (17)

    • What is the meaning of e-commerce?
      Buying and selling goods online
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    • Why might online retailing continue to grow?
      It reduces costs like city centre rents
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    • How does online ordering improve demand forecasting?
      It provides businesses with more accurate forecasts
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    • What staffing advantage does online retailing offer?
      Flexible contracts for exact worker needs
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    • How does online ordering enhance customer data collection?
      It enables retailers to implement effective strategies
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    • What is the impact of lower costs on pricing strategies?
      It can lead to lower prices or higher profit margins
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    • Why is 24-hour online retailing convenient for customers?
      It allows shopping at any time
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    • How does online retailing facilitate price comparison for customers?
      It allows customers to easily compare prices
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    • What might restrict future online retail growth?
      Decline in city centre retailing may lower rents
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    • What technology costs are associated with online retailing?
      They may dissuade smaller retailers from going online
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    • Why might tactile experiences keep some customers in stores?
      Products like clothing benefit from tactile experiences
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    • Which services cannot operate online?
      Coffee shops and hairdressers
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    • What concerns might customers have about online retailing?
      Security concerns may deter online shopping
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    • What factors encourage online growth versus those that limit it?
      Encouraging factors:
      • Cost reduction (e.g., lower rents)
      • Accurate demand forecasting
      • Flexible staffing
      • Enhanced customer data

      Limiting factors:
      • Lower city centre rents
      • Technology costs for smaller retailers
      • Tactile product experiences
      • Security concerns
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    • Will all retailers become purely online providers?
      It is unlikely all retailers will go online
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    • What should the conclusion about online retailing be based on?
      It should be consistent with presented arguments
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    • How might online growth vary between different markets/products?
      Growth varies based on product type and market
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