Store/market trader - SS1 Commerce Past Questions and Answers - page 1
What is the main characteristic of a store/market trader?
They operate online businesses.
They sell goods or services directly to customers in physical stores or markets.
They manufacture products to sell to consumers.
They sell goods or services directly to customers in physical stores or markets.
What is one advantage of a store/market trader?
Global reach and unlimited customer base.
Immediate product delivery through shipping.
Personalized service and direct customer interaction.
What is a potential disadvantage of a store/market trader?
Limited product variety.
Lower competition compared to online businesses.
High overhead costs.
What do store/market traders offer to customers?
Virtual shopping experience.
Tangible shopping experience.
Online auctions.
Which factor limits the geographical reach of a store/market trader?
Direct customer interaction.
Physical presence in a specific location.
Online advertising.
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.
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.