Business Online Quiz Week 2

What is one advantage of having an online presence for businesses?

• High maintenance costs

• Global accessibility

• Decreased customer interaction

• Limited market reach

How can an effective online presence enhance market presence?

• Slow response to customer inquiries

• Equal visibility for all business sizes

• Local customer base

• Limited visibility

What is a marketing benefit of having an online presence?

• Limited market research

• Inability to track customer activities

• Access to new markets

• High marketing costs

How does online order tracking benefit businesses?

• Reduces transparency

• Enhances trust and transparency

• Increases stockholding requirements

• Slows down service speed

What is a financial advantage of establishing an online presence?

• Slow payment processing

• High overhead costs

• High-cost location

• Improved cash flow

What is a disadvantage related to staffing issues for online businesses?

• Fast response to customer inquiries

• Highly skilled staff

• Lack of personal contact with customers

• Efficient service delivery

What is a financial issue that can be a disadvantage for online businesses?

• Low initial investment costs

• Ability to scale easily with increased demand

• Tax complexities in international transactions

• Low distribution costs

What is a challenge related to distribution issues for online businesses?

• Scaling distribution easily

• Reducing customer dissatisfaction

• Managing customer returns effectively

• Handling fragile goods efficiently

What is a competition-related disadvantage for online businesses?

• No need to respond to competitors' special offers

• Low visibility in search engine results pages

• Easy achievement of high search engine rankings

• Price competition and reduced profit margins

How can online businesses respond to competitors' special offers?

• Ignore competitors' offers

• Reduce product variety

• Match or counter the offers

• Increase prices to compete