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Ira Lisetskai [31]
3 years ago
14

Explain five advantages of transacting business through the internet

Business
1 answer:
kiruha [24]3 years ago
5 0

Answer:

1.Potential Access to a Global Market:

The internet is an excellent tool for increasing the visibility of your business. The internet overlooks physical borders, thereby giving your products and services heightened exposure to a global audience. This can lead to increased sales, as your business offer reaches new markets that would otherwise be beyond your physical reach, especially if you are a small business owner

2.Reduced Marketing Costs:

With the rise of the internet, there has been a huge increase in various social media platforms. These platforms that are designed to connect people with one another become powerful, relatively low-cost marketing channels that can be utilized by both large and small enterprises. The internet means that you can put your products and services right in front of your target market without using the help of a formal marketing agency to do it for you, but at a much greater cost.

3.Reduced Building Overhead:

Many jobs and business functions can be performed online. This means that incorporating the internet into your business functions could open up an opportunity to have remote staff who can work from home, thereby reducing the cost of having an office building.

4.Automated Systems and Resource Sharing:

The internet has enabled a million and one ways you can make your life easier as a business owner. You can do your bookkeeping and customer service care online, and get bespoke solutions that automate how customers purchase your goods and services. In short, it can streamline processes while saving valuable work hours from performing tedious tasks.

5. Online Sales

Some people are too lazy or busy to drive all the way to your brick-and-mortar business to purchase something.Instead of leaving their house or cutting something from their schedule, these people like to purchase things online that will be delivered to their door.To get more sales, you want your business to cater to these people. Therefore, you want to allow people to be able to buy your services and products online.

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3 years ago
When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is _________, so
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When interest rates on treasury bills and other financial assets are low, the opportunity cost of holding money is <u>low </u>so the quantity of money demanded will be <u>high</u>.

If interest rates go up, the demand for money will go down. Once it equals the new money supply, there will be no more difference between how much money people are holding and how much they want to keep, and the story is over. This is why (and how) a decline in the money supply raises interest rates.

As interest rates rise, the amount of money demanded decreases because the opportunity cost of holding money decreases. As interest rates rise, aggregate demand shifts to the left. The interest rate effect arises from the idea that higher price levels reduce the real value of household holdings.

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7 0
2 years ago
If a college sets its tuition __________ the equilibrium tuition, then it will have to use some form of nonprice-rationing devic
ValentinkaMS [17]

Answer:

below

Explanation:

<h2><u>Multiple choice </u></h2>

If a college sets its tuition<u> below</u>  the equilibrium tuition, then it will have to use some form of non price-rationing device to determine who will be accepted for admission to the college.

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3 years ago
What is a new way of doing things that initially does not meet the needs of existing customers? multiple choice question. digita
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Disrupted technology  is a new way of doing things that initially does not meet the needs of existing customers? multiple choice question. digital darwinism sustaining technology disruptive technology

<h3>What is Disrupted technology? </h3>

Innovations known as disruptive technologies fundamentally change how markets, industries, or businesses function. Because it has characteristics that are unmistakably superior to the systems or practices it replaces, disruptive technologies sweep aside their predecessors.

Examples of recent disruptive technologies include GPS devices, ride-sharing apps, online news sources, and e-commerce.

The vehicle, electricity, and television were revolutionary inventions in their own eras.

A disruptive technology replaces an outdated procedure, item, or practice.

At least to early adopters, it typically offers better qualities that are readily apparent.

Disruptive technologies are typically produced by startups rather than well-established businesses.

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brainly.com/question/24348569

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4 0
2 years ago
Match the types of agreements to their descriptions. Answer choices are will,living will,trust,prenuptial agreement
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A will has legal impact after you have passes away and has to be filed with the court.

A living will is similar to a regular will be takes effect while you are still alive to figure out where your assets should be placed.

A trust is an agreement that allows a third party to hold the assets on behalf of a beneficiary.

A prenuptial agreement is an agreement made before a marriage that explains what should happen to their assets in the event their marriage does not last. This is common in famous people due to the amount of money they have.

4 0
4 years ago
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