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Store/market trader - SS1 Commerce Past Questions and Answers - page 1

1

What is the main characteristic of a store/market trader?

A

They operate online businesses.

B

They sell goods or services directly to customers in physical stores or markets.

C

They manufacture products to sell to consumers.

correct option: b

They sell goods or services directly to customers in physical stores or markets.

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2

What is one advantage of a store/market trader?

A

Global reach and unlimited customer base.

B

Immediate product delivery through shipping.

C

Personalized service and direct customer interaction.

correct option: c

Personalized service and direct customer interaction.

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3

What is a potential disadvantage of a store/market trader?

A

Limited product variety.

B

Lower competition compared to online businesses.

C

High overhead costs.

correct option: c

High overhead costs.

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4

What do store/market traders offer to customers?

A

Virtual shopping experience.

B

Tangible shopping experience.

C

Online auctions.

correct option: b

Tangible shopping experience.

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5

Which factor limits the geographical reach of a store/market trader?

A

Direct customer interaction.

B

Physical presence in a specific location.

C

Online advertising.

correct option: b

Physical presence in a specific location.

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6

Discuss one of the  feature of of a store/market trader.

Immediate Gratification: Customers can obtain products immediately after purchase without waiting for shipping or delivery.

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7

Discuss one of the advantages of  a store/market trader.

Direct Customer Interaction: Traders can build personal relationships with customers, offering a personalized shopping experience and addressing any concerns or questions.

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