State the negative impacts of online stores on
retailers and small business. What do you think
can be done to minimize the impact?
Answers
Answered by
13
Answer:
Nearly one in 10 retail dollars are now spent online.
In 2001, online sales made up just 1.1% of the total $4.3 trillion (adjusted to 2018 dollars) in retail sales nationwide, according to the US Census Bureau. In 2018, online sales made up 9.9% of $5.3 trillion in total retail sales.
Lack of Credibility. With a brick-and-mortar company, a certain level of trust exists intrinsically between the customer and the business. ...
Similar questions