Which of the Following Statements Does NOT Describe Online Retailing

question 59

Multiple Choice

Which of the following statements does NOT describe online retailing correctly?

• A)Perspectives on electronic retailing have changed dramatically over the past 10 years.
• B)Electronic retailers who have niche target markets are more likely to be successful.
• C)Online retail sales continue to grow much faster than retail sales through stores and catalogs.
• D)Traditional store-based retailers are using the Internet to evolve into multichannel retailers.
• E)It has been realized that the Internet is a revolutionary new retail format that will replace stores and catalogs.

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Definitions:

Margarine

A butter substitute made from vegetable oils or animal fats, often used in cooking or as a spread.

Inelastic

A characteristic of a good or service whose quantity demanded or supplied changes by a smaller percentage than changes in price.

Sensitive

Capable of perceiving with the senses or responsive to stimuli or changes in the environment.

Demand

The desire to purchase goods and services backed by the ability and willingness to pay a price.