Online Retailing: The Future of Shopping
What type of shopping is available to consumers with access to the Internet?
a. Shop-at-home networks
b. Online retailing
c. Franchising
d. Electronic wholesaling
e. Mobile vending
Answer:
Online Retailing is the type of shopping available to consumers with internet access.
Online Retailing, also known as e-commerce, allows consumers to buy goods and services directly from a seller over the Internet. This method includes buying from online stores or virtual shopping platforms like eBay or Amazon. One example of this is when you order a book from Amazon's website, this is considered online retailing. It is differentiated from other options like shop-at-home networks or electronic wholesaling. Shop-at-home networks are typically television-based, while electronic wholesaling and franchising typically require more business-to-business interactions.
Online Retailing has revolutionized the way people shop, offering convenience and a wide variety of choices. With just a few clicks, consumers can purchase products from around the world and have them delivered to their doorstep. This has transformed the retail industry and paved the way for the future of shopping.
With the rise of online retailing, brick-and-mortar stores are facing challenges to adapt to the changing landscape of consumer behavior. However, online retailing has provided opportunities for small businesses to reach a global audience and compete with larger corporations.
Overall, online retailing is here to stay and will continue to shape the way we shop in the digital age.