Which of the following represents a limiting factor for the growth of eCommerce Question 43Answer a. Ecommerce lacks the convenience of other methods of transacting business b. Persistent cultural attraction of physical markets and traditional shopping experiences c. Inadequate selection of goods compared to physical marketplaces d. The potential audience for eCommerce is too low to support it as a widespread method of commerce
Question
Which of the following represents a limiting factor for the growth of eCommerce Question 43Answer
a. Ecommerce lacks the convenience of other methods of transacting business
b. Persistent cultural attraction of physical markets and traditional shopping experiences
c. Inadequate selection of goods compared to physical marketplaces
d. The potential audience for eCommerce is too low to support it as a widespread method of commerce
Solution
All of the options listed can potentially represent a limiting factor for the growth of eCommerce.
a. Ecommerce lacks the convenience of other methods of transacting business: This can be a limiting factor if customers find it easier to conduct business through traditional methods, such as in-person shopping or over the phone.
b. Persistent cultural attraction of physical markets and traditional shopping experiences: This can be a limiting factor if customers prefer the experience of shopping in physical stores, such as the ability to try on clothes or the instant gratification of taking an item home immediately after purchase.
c. Inadequate selection of goods compared to physical marketplaces: This can be a limiting factor if customers cannot find the products they want on eCommerce platforms, or if the selection is not as diverse as in physical stores.
d. The potential audience for eCommerce is too low to support it as a widespread method of commerce: This can be a limiting factor if there are not enough customers who are willing or able to shop online, such as in regions with low internet penetration or among demographics that are less comfortable with technology.
However, it's important to note that these are potential limiting factors, and may not apply to all eCommerce businesses or markets. For example, many eCommerce platforms have a wider selection of goods than physical stores, and the convenience of online shopping is a major draw for many customers.
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