Which of the following statements best describes the impact of Internet technology on the retail sector?
A) Internet-based retailers with virtual storefronts have started to replace traditional retailers.
B) Traditional brick-and-mortar retailers have expanded and thrived by incorporating Internet retail.
C) Internet technology has led to better communication between manufacturers and retailers, making wholesalers less relevant.
D) Traditional brick-and-mortar and direct retailers have suffered declines because Internet retail is friendlier to the environment.
E) Internet technology has allowed retailers to offer many products at lower prices, but has also had negative effects on the development of retailer-customer relationships.
Correct Answer:
Verified
Q23: Retailers, when classified on the basis of
Q28: General product categories, specific product lines, specific
Q154: A mail-order wholesaler is a limited-function merchant
Q155: The basic distinction between a company's sales
Q157: Which of the following is a form
Q158: Tanisha is the manager of a grocery
Q160: Which of the following statements is true
Q161: Which of the following services provided by
Q162: The concept of the wheel of retailing
Q163: Which statement best describes the similarities between
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents