Author Question: Briefly describe the benefits of e-tailing. What will be an ideal ... (Read 31 times)

brutforce

  • Hero Member
  • *****
  • Posts: 540
Briefly describe the benefits of e-tailing.
 
  What will be an ideal response?

Question 2

An information system is a combination of hardware, software, and telecommunications networks that people build and use to collect, create, and distribute data.
 
  Indicate whether the statement is true or false



ghepp

  • Sr. Member
  • ****
  • Posts: 361
Answer to Question 1

E-tailing can provide many benefits over traditional brick-and-mortar retailing in terms of the marketing concepts of product, place, and price.
 Product Benefits: Web sites can offer a virtually unlimited number and variety of products because e-tailing is not limited by physical store and shelf space restrictions. For instance, e-tailer Amazon.com offers millions of book titles on the Web, compared to a local brick-and-mortar-only book retailer, which can offer only a few thousand titles in a store because of the restricted physical space.
 Place Benefits: As company storefronts can (virtually) exist on every computer that is connected to the Web, e-tailers can compete more effectively for customers, giving e-tailers an advantage. Whereas traditional retailing can be accessed only at physical store locations during open hours, e-tailers can conduct business anywhere at any time.
 Price Benefits: E-tailers can also compete on price effectively since they can turn their inventory more often because of the sheer volume of products and customers who purchase them. Companies can sell more products, reducing prices for consumers while at the same time enhancing profits for the company. Further, virtual companies have no need to rent expensive retail space or employ sales clerks, allowing them to further reduce prices.

Answer to Question 2

TRUE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

Individuals are never “cured” of addictions. Instead, they learn how to manage their disease to lead healthy, balanced lives.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Medication errors are more common among seriously ill patients than with those with minor conditions.

For a complete list of videos, visit our video library