Which of the Following Is Not One of the Central

question 45

Multiple Choice

Which of the following is not one of the central challenges facing the online retail industry?

• A) lack of physical store presence
• B) consumer concerns about the privacy of personal information
• C) inconvenience in returning goods
• D) delivery delays

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Definitions:

Experience Curve Concept

The principle that the cost of production decreases as a company gains more experience in manufacturing a particular product, due to efficiencies and learning.

Cost Leadership

A competitive strategy that aims to achieve the lowest operational costs and prices among competitors in the industry.

Brand Loyalty

The tendency of consumers to continuously purchase one brand's products over competing ones due to preference or satisfaction.

Industry Alliance

A collaboration formed between companies in the same industry, often aimed at achieving strategic objectives such as technological advancements or market expansion.