Which explain elements that contribute to the success of virtual markets over brick-and-mortar stores? (Select all that apply.)
a. Customers can engage in online shopping 24 hours a day
b. The procedure for returns and exchanges is done by mail
c. Shoppers need not go through racks of actual products
d. E-commerce increases exposure and targets customers
e. Shipping has become inexpensive
A, B, and E?
I agree. All of those answers contribute to the success of virtual markets.
What about C? What does your assigned reading say?
Is it possible for it to be all of them? I put C originally then questioned myself. But I feel like D could be correct as well
Ok awesome :) thank you
Ms. Sue do you mind checking my other question as well please? Its the last question I have for my history
You're welcome.
I think you're right about the last question.
Thanks!
I just took the quiz and the correct answer is not all of them so idk what it is
B may not be right.
Returning something by mail may be an advantage to some shoppers -- but not others.
Some shoppers may prefer to look at racks of merchandise (c).
Yes, you are correct! The elements that contribute to the success of virtual markets over brick-and-mortar stores are:
a. Customers can engage in online shopping 24 hours a day: This is one of the main advantages of virtual markets. Customers can shop at any time that is convenient for them, which is not possible with brick-and-mortar stores that have fixed operating hours.
b. The procedure for returns and exchanges is done by mail: Virtual markets usually have a convenient process for returns and exchanges, where customers can return or exchange products by mail. This eliminates the need for customers to physically visit the store to return or exchange items.
e. Shipping has become inexpensive: With advancements in logistics and shipping technologies, shipping costs for online purchases have generally become more affordable. This has made purchasing products online more attractive to customers, as they do not have to incur high shipping expenses.
c. Shoppers need not go through racks of actual products: This statement is not applicable as it does not contribute to the success of virtual markets. Some customers may still prefer to physically browse through racks of actual products in brick-and-mortar stores.
d. E-commerce increases exposure and targets customers: This statement is partially correct. E-commerce platforms provide businesses with the opportunity to reach a wider audience and target specific customers through targeted marketing and personalized recommendations. However, this element alone does not contribute to the success of virtual markets entirely, as it is also relevant to brick-and-mortar stores that employ effective marketing strategies.