Which of the following is a benefit of e-commerce?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Wider market reach.
- The benefit of e-commerce is Wider market reach.
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E-commerce empowers businesses to extend their reach beyond physical boundaries, accessing customers globally regardless of location.
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Through digital platforms, companies can offer their products and services without the need for physical retail outlets.
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Leading e-commerce giants like Amazon, Alibaba, and Flipkart illustrate how businesses can successfully tap into international markets.
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It enables access to niche markets that are often difficult to serve through traditional brick-and-mortar stores.
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The growing penetration of the internet and mobile technology has made it easier for businesses to connect with and target the right audience.
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E-commerce platforms allow for round-the-clock operations, offering customers the flexibility to shop anytime, thereby boosting sales and customer satisfaction.