L3_U9_Impact_Session03

Give an example for the possible decline in high street retail shops

The 'Click' market place is what type of business model

• Online only

• Online and physical shop

• Physical shop

The increase in the online shopping trend has resulted in a reduction in the delivery business

• True

• False

Examples of online retails that allow third party selling include

• eBay

• Amazon

• Tesco

• Primark

Benefits of setting up a online only business

• Reduced start up costs

• Global market

• Well known brand

• limited space in the market

The demand for programmers, computing and security based roles has increased

• True

• False

How has technology improved customer service

• Faster response times

• Automated Systems

• Call Centres

• Website

Online shopping is one of the main factors which has prompted the decline in high street stores

• True

• False

Are there any high street stores that currently do NOT have an online prescence?

• Yes

• No

How does big data help business?