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:

Computers

Electronic devices capable of executing programmed instructions for processing data, performing calculations, and managing information.

Test Marketing

A strategy used by companies to evaluate the viability of a new product or service in a limited geographical area before a full-scale launch.

Price Rationing

The allocation of limited goods or services using prices, where higher prices curb demand to match the supply.

Focus Group

A small, diverse group of people whose reactions are studied to gauge the response to a specific product, service, or policy.