Describe the Advantages and Disadvantages of Selling Online

question 43

Essay

Describe the advantages and disadvantages of selling online.
:
Can reach potential customers from all geographical locations in the U.S.and from many foreign countries.
Setting up an online store is less expense than setting up a brick-and-mortar business.
Better able to capture valuable information on your customers, including their preferences.
Some potential customers feel uncomfortable buying online.
Some customers do not want to buy a product they have not seen.
New online stores face a lot of competition, especially from Amazon.
ESSAY DISCUSSION

---

Definitions:

Securities

Financial instruments that represent an ownership position in a publicly-traded corporation, a creditor relationship with a governmental body or corporation, or rights to ownership as represented by an option.

Trade Balance

The difference in value between a country's imports and exports over a given period, a component of a country's balance of payments.

Merchandise Exports

Goods produced within a country and sold to customers in another country, contributing to the country's gross domestic product.

Capital Account

A national account that records the transactions involving international transfer of capital, such as foreign direct investments and portfolio investments.