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

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Definitions:

Storm And Stress

A concept in developmental psychology referring to the period of adolescence characterized by emotional turmoil and conflict with parents.

Identity Versus Identity Confusion

A stage in Erikson's psychosocial development theory where adolescents explore their sense of self and develop a stable personal identity or experience confusion about their role.

Individuation

The psychological process by which an individual becomes distinct and independent by differentiating from others, especially from familial and societal norms.

Autonomy

is the capacity and right of individuals to make their own choices and decisions, free from external coercion or constraint.