22.Explain the following term (a) free shipping (b) cash on delivery (c) EMI (d) multiple pay mentoption
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A.Free shipping is a marketing tactic used primarily by online vendors and mail-order catalogs as a sales strategy to attract customers.
B.Cash on delivery )is a type of transaction in which the recipient makes payment for a good at the time of delivery. The terms and accepted forms of payment vary according to the payment provisions of a purchase agreement. Cash on delivery can also be referred to as collect on delivery since delivery may allow for cash, check, or electronic payment.
D.Many would agree that it is a good business practice to offer your customers multiple options when making online payments. These options include credit card, debit cards, purchase orders, money orders, cashiers checks and more.
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