Selling physical products through an online e-commerce store can be lucrative, although it is also competitive. Elaborate on how a brick and mortar business find customers compared to how e-commerce stores find customers and further explain ANY FIVE (5) advantages of e-commerce retail.

Selling physical products through an online e-commerce store can be lucrative, although it is also competitive. Elaborate on how a brick and mortar business find customers compared to how e-commerce stores find customers and further explain ANY FIVE (5) advantages of e-commerce retail.

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

See similar textbooks

Related questions

Q: www.f cation networks

A: In an organization all the decision making process will be carried by the top management, and…

Q: Crirical Thinking Most retail store shrinkage can be atlfibuted to shoplifting, employee theft, and…

A: A retail deal happens when a business offers an item or administration to an individual purchaser…

Q: Define scrambled merchandising. Why has this practicebecome so common in retailing?

A: Scrambled merchandising refers to a retail tactic in which a retailer broadens their assortment to…

Q: Mr. Amir installs check-out scanning systems in his shop. Which retail trend is described in the…

A: Non-store retail is the selling of products and services without a physical store. Self-checkout…

Q: With the support of an example, explain how retail merchandising support the concept of retail…

A: Retail merchandising refers to the various activities which lead to the sale of products to the…

Q: An entrepreneurial ventu will be sold. 1) True

A: Entrepreneurial venture's positioning strategy focuses on all the strategies which are included in…

Q: 5 Advantages of Shopping Malls

A: Shopping malls are generally a large enclosed shopping area that contains lots of different types of…

Q: Discuss the importance of cross channel marketing strategy in retail industry

A: Importance of cross Channel Marketing in Retail Industry is discussed as follows-

Q: s consumers become more enthusiastic about online shopping, they have begun to tire of repeatedly…

A: A digital wallet could be a mobile-based bank transaction software. It keeps your payment details…

Q: What part of a business model includes using a company's profits to sponsor initiatives where the…

A: In today's business landscape, companies are increasingly recognizing the importance of their role…

Q: Wal-Mart retail company contributed to the growth of retailing. Which method is introduced by…

A: Wal-Mart is an American chain of hypermarkets, department stores, grocery stores from the United…

Q: . What are the advantages of traditional stores versusInternet-only stores?

A: Traditional stores are the stores in which the buying and selling take place by going to a store.…

Q: What is the key to success at Mall of America?

A: Mall of America is a shopping mall that is well recognized as the largest shopping and entertainment…

Q: Critical Thinking Most retail store shrinkage can be at- tributed to shoplifting, employee theft,…

A: Retailers are the partners in the distribution chain of manufacturer who act as a bridge between…

Q: Suggest some good name ideas about online shopping site that focus in School supplies.

A: Ans. A good, catchy and attractive names influence the customers and attract them to the business.…

Q: When buying merchandise, retailers must also consider other factors in terms of the merchandise…

A: The merchandise would be any item or sensible that an organization is selling to customers or…

Q: Discuss the benefits of stores. Give at least 1 example

A: STORES is considered a building or a part of building where things are sold .

Q: levels of relationship marketing

A: According to popular definition, “Relationship marketing is the process of creating, maintaining and…

Q: Discuss the various 'shopper touchpoints' that a customer would encounter while interacting with a…

A: At various stages of the customer journey, businesses can take activities that "touch" with…

Q: Detailed information about eBay Company. or introduction about eBay

A: eBay is an e-commerce business, so let us first understand what an e-commerce store is to better…

Q: A key difference in competition between retailing and e- tailing is that ....... Select one (a)…

A: Retailing refers to the person or organization that is engaged in the business of selling individual…

Q: What retailers would be considered intratype competitors for a convenience store such as 7-eleven?…

A: Business competition is the contest between organizations manufacturing similar products or…

Q: Prepare company description for shop pastries with cashless and more fast services.

A: A company description is a general summary of a organisation as well as who they are as a business…

Q: Identify and Explain FIVE (5) methods of how retailing can add value to customers. Provide relevant…

A: Customers benefit from retailers' services and assistance in making product choices. Retailers can…

Q: ustify the continued lack of interest in self-service options for online stores.

A: I'm sorry, but I cannot justify the continued lack of interest in self-service options for online…

Q: How can we best serve our customers while earning a fair profit?

A: Disclaimer: Since you have asked multiple question, so we will solve the first question for you. If…

Q: why omnichannel is regarded as a crucial retail strategy to adopt, regardless if you are a…

A: Omnichannel refers to the retail strategy where retailer is try to engage customers by using…

Q: In terms of both features and non-features, what do you believe an ideal online store would need to…

A: An online store is a business store that sells products and services to customers through online…

Q: question with regard to customers which aspects do retailers need to consider when developing a…

A: Concept Introduction : The final middleman in the chain of goods delivery to customers is a…

Q: discuss any five ways on how to use product receommendations for Smart Shopping e-commerce platform…

A: In the rapidly evolving landscape of e-commerce, smart shopping platforms have become increasingly…

Q: • What do you think is the challenge faced by omnichannel retailing? • What are the advantages over…

A: Challenges Faced by Omnichannel RetailingOmnichannel retailing, a sophisticated approach that…

Q: QUESTION 1 Which of the following cannot be a front-office user for CRM? O Partner O Customer…

A: Customer relationship management (CRM) is a cycle wherein a business or other association oversees…

Q: Map ad describe Zara's value chain (use the basic categories of retailing, design and order…

A: Zara value chain indicates that they achieve this through the acquisition of raw materials at low…

Q: List out all types of product categories in e-retailing. please explain this and not copy paste…

A: The term e-commerce is a modern-day discovery that expedites the trading of goods or services…

Q: Define Bookmarking sites?

A: A bookmarking site is an online service(centralized) that allows users to store and share internet…

Q: With the support of an example, explain how retail merchandising support the concept of retail…

A: Retail merchandising definitely supports the concept of Retail Management in real life…

Question

Question3

Selling physical products through an online e-commerce store can be lucrative, although it is also
competitive. Elaborate on how a brick and mortar business find customers compared to how e-commerce
stores find customers and further explain ANY FIVE (5) advantages of e-commerce retail.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 introduction

VIEW

Step 2

VIEW

Step 3 conclusion

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

use practical and real examples to explain Check website of these three brands (Toyota, BMW, Renault). Compare their website features for "Delivering the online customer experience". What is website prototyping? Give three benefits of this approach.
a) What is the difference between Cross- selling and Up-selling b) Provide 2 examples of each. (please explain concisely) 3
Why would a manufacturer such as Apple choose to establish its own retail chain?
Lenovo : Understanding Customers and Building Profitable Relationships Question 2 : How should the Lenovo shopping experience affect customer journey for a brand? Support your answer with examples.
what is specialty store?
As consumers become more enthusiastic about online shopping, they have begun to tire of repeatedly entering detailed shipping and payment information each time they make online purchases. Digital wallet addresses this concern. 1.1 Elaborate on the importance of digital wallets.
explain retail store shrinkage and the ways shrinkagenormally occurs. What is “sweehearting”? What is retail borrowing? What are some of the ethical issues in retailers’ treatment of consumers?
TWO (2) types of retail competition are Intratype retail competition- This is when retailers of the same business compete with the same format to increase their brand, build brand awareness, and earn a profit. and Intertype retail competition - this type of competition is when two or more entities offer different formats. Even though their product offerings are different they are competing in reaching consumers because they do sell similar products. QUESTION give an example of each in relation to stationery store.
What is meant by “commercialization of schools”?What are the various areas in which commercializationcan occur, and what are the major concerns?
#3 — Walmart supercenters can be data centers for 21st century retailing Not only will physical retail stores not need as much space in the future because of the likely continued growth in e-commerce but so too will they not need as much physical space in stores because of the way retail operations could change as well. As consumers opt for more scan-and-go or computer vision-based, checkout-free retail experiences (like Amazon Go), these innovations too should free up more space inside retailers’ four walls. Ancient artifacts like checklanes and cash registers could soon go the way of the dodo bird. This future state then affords Walmart the ability to rejigger its physical supercenter architectures to do more with its data. Walmart’s Intelligent Retail Lab in New York was the first indication that Walmart has been thinking about this type of future. In the store one finds miles of cable, cameras in the ceilings, and servers devoted to processing loads and loads of data, all aimed…
Pls help with below homework.
Video Case Home Shopping Network Long ago, television marketing was associated with low-quality commercials broadcast in the wee hours of the morning that offered obscure merchandise. But Home Shopping Network (HSN) has played an instrumental role in marking television shopping a legitimate outlet. Around the clock, top-quality programming featuring name-brand merchandise is now the norm But just like any other retailer, HSN has had its share of challenges. This video illustrates how HSN has focused on principles of direct marketing in order to overcome these challenges and form strong customer relationships. As market conditions continue to shift, HSN explores new ways to form and strengthen direct relationships with customers. After viewing the video featuring HSN, answer the following questions: Q1; 1. What are the different ways that HSN engages in direct marketing? 2. What advantages does HSN specifically have over brick-and-mortar retailers? 3. What recommendations…