5. Electronic retailing permits.
Answers
Answer:
Electronic retailing (E-tailing) permits the online sale of goods and services. It necessitates that businesses adapt their business models to capture internet sales, which may include the establishment of distribution channels such as warehouses, internet webpages, and product shipping centres.
Explanation:
E-tailing (less frequently: retailing) is the selling of retail goods on the Internet. Short for "electronic retailing," and used in Internet discussions as early as 1995, the term seems an almost inevitable addition to e-mail, e-business, and e-commerce.
The most famous example of an e-retail company is Amazon. As the largest online retailer globally, Amazon made over $120 billion in 2020. Key Takeaways: An e-retail business model is where a business or individual sells retail products and services electronically, typically through the internet.
Advantage of Electronic retailing permits: Less expensive: As compared to organised retailing, e-tailing is less expensive as it saves on wages of salesmen and premises costs and maintenance. These expenditures are low compared to internet costs. High Reach: Integration with customers is high in e-tailing as customers can be local, national, and international. e-retailing is a practice of selling retail goods on the internet which is useful to customers who lack time but need a variety of goods at a reasonable price. E-retailing or online is growing at a faster pace in India. It has witnessed a steady growth of 50-60 % over the years. India's e-commerce industry is expected to become the second-largest in the world by 2034. On the other hand, the e-retail industry in India is primed to reach nearly 300 to 350 million shoppers in the next five years – propelling online Gross Merchandise Value (GMV) to $100 to 120 billion by 2026.