Chapter 14, Problem 2CQ

Explanation of Solution

Types of business that could benefit from Trading on Internet:

Business that could benefit from trading on internet are:

• Retail businesses: Brick-and-mortar retail stores can benefit by offering products for sale online as part of their total business strategy as shipping costs must be held to a minimum to persuade consumers that having the product shipped to their door is worth more than traveling to the store.
• Wholesale businesses: wholesalers can use the Internet to find suppliers can lead to more opportunities for a wholesale business to flourish...