Question

Write some characteristics of an online market

Answer 1

Answer:

Online marketplace characteristics

•Products from many different third-party sellers.

•Easily accessible product reviews from other users.

•User accounts with a variety of features, and often social functionality.

Answer 2

An online market is characterized by easy shopping, huge stock, lack of personal contact, etc.

Explanation:

• An online market is a market that carries out its operations in an online mode.
• An online market is generally managed by software and developing companies.
• An online market has a huge stock of products at different prices.
• Shopping in an online market is very easy as compared to the physical market. Online market saves the efforts, money, and time of the buyers.
• There is no physical or personal contact with the salesman in an online market.