Online business creates opportunities and market strategies that are different from traditional business operations in that technology provides the company a way to recap its initial cost to produce a product

Question

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Online business typically has lower overhead costs and the ability to reach a wider audience, making it easier for the company to generate revenue and recoup its initial investment in product development. This is achieved through various online marketing strategies and sales channels. Traditional businesses may not have the same level of flexibility in terms of marketing and sales options, making it more difficult to recover initial costs.

Online Business Creates Opportunities and Market Strategies That Are Different