Which of the Following Is a Disadvantage of Online Retailing

question 99

Multiple Choice

Which of the following is a disadvantage of online retailing?

• A) It is more expensive than on-ground retail.
• B) Online-only brands do not offer effective customer service.
• C) Consumers cannot exchange products once they are bought.
• D) Product delivery takes at least a couple of days.

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Definitions:

Loanable Funds

Money available for borrowing, which is determined by the savings in the economy plus the money provided by banks and other financial institutions.

Interest Rate

The requisition, as a percentage of the principal, placed by lenders on borrowers for asset use.

Macroeconomics

The study of economy-wide phenomena, including inflation, unemployment, and economic growth.

Consumption

The use of goods and services by households for personal needs or the process of using up resources or goods, leading to a decrease in their availability.