Why have many consumers changed their views about the value of online content so they are now willing to pay small fees?

Business

1 answer:

satela [25.4K]3 years ago

8 0

Answer:

The reason many consumers have changed their views about the value of online content so that they are now willing to pay small fees for it is that:

The costs and quality of online products and services compare with those in stores. Since online transactions are relatively more secure than physical transactions, people are generally more willing to pay for the secured transactions offered online.

Explanation:

In the modern computer age, many products and services are now being offered online. This makes the physical stores of yesteryears unnecessary. People are even ready to pay some small fee to receive these goods and services through online transactions instead of visiting physical stores to pick their desired products and services. This has reinforced online marketing and delivery of products and services. Many companies are now jettisoning their physical stores to trade online. And customers are finding the experience uplifting, secure, and satisfactory. One can transfer money to distant suppliers of goods and services without leaving their offices and homes. Overcrowding in banking halls and paper expenses are being avoided. Banks are also reducing their physical infrastructure and personnel. These are among the benefits of online content-based transactions.

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