Changing relationships in digital commerce

What is a significant disadvantage of online shopping for businesses?

• It reduces logistics costs.
• It provides real-time data on customer preferences.
• It introduces high competition.
• It expands their market reach.

How do online marketplaces benefit consumers?

• They reduce the variety of products available.
• They provide easy access to a wide range of sellers.
• They eliminate the need for product quality checks.
• They ensure all products are of high quality.

What is a potential risk of C2C selling?

• Guaranteed product quality.
• Potential fraud risks for buyers.
• Low barriers to entry for sellers.
• High customer protection standards.

What is a challenge faced by businesses in online sales?

• Simplified logistics processes.
• Reduced shipping costs.
• Managing returns can impact profits.
• Increased customer loyalty.

What is a benefit of online shopping for businesses?

• It limits competition in the market.
• It guarantees customer satisfaction.
• It allows access to a global customer base.
• It decreases the need for digital marketing.

What is a disadvantage for sellers using online marketplaces?

• They increase profit margins significantly.
• They must pay fees that reduce profits.
• They eliminate competition among sellers.
• They guarantee product quality for all listings.

What can B2B buying and selling relationships lead to for businesses?

• Higher prices for bulk purchases.
• Better pricing agreements and discounts.
• Less negotiation complexity.
• Reduced supplier relationships management.

What is a key advantage of B2B Electronic Data Interchange (EDI)?

• It reduces paperwork and speeds up transactions.
• It increases the amount of paperwork required.
• It is free to set up and maintain.
• It eliminates the need for digital security measures.

Which of the following is a disadvantage of online shopping for consumers?

• Consumers can easily compare prices.
• It may lead to impulse buying.
• It provides access to a broad range of products.
• It allows shopping from home.

What does C2C selling involve?

• Businesses selling to other businesses.
• Consumers selling to each other.
• Manufacturers selling directly to consumers.
• Distributors selling to retailers.