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________ retailers are firms that sell products through a variety of channels and integrate their physical stores with their Web sites and mobile platform.

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Describe the state of the online retail sector today.

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The online retail sector is one of the s...

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The existence of substitute products is a key industry strategic factor.

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________ measures the percentage of sales revenue a firm is able to retain after all expenses are deducted from gross revenues.

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In the United States, the service sector accounts for approximately ________ % of the United States GDP.


A) 10
B) 30
C) 50
D) 80

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Which of the following is not one of the central challenges facing the online retail industry?


A) lack of physical store presence
B) consumer concerns about the privacy of personal information
C) inconvenience in returning goods
D) delivery delays

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Contrary to predictions of analysts made during the early days of e-commerce, the Internet has led to both disintermediation and hypermediation on a widespread basis.

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Service industry groups are categorized generally into two groups, those that provide transaction brokering and those that involve:


A) retailing goods.
B) personalization.
C) information brokering.
D) providing hands-on services.

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In 2014, approximately what percentage of Internet users over the age of 14 made a purchase at an online retail store?


A) 35%
B) 55%
C) 75%
D) 95%

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The major impact of Internet real estate sites is in influencing offline decisions.

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Omni-channel merchants are also referred to as:


A) virtual merchants.
B) bricks-and-clicks companies.
C) catalog merchants.
D) manufacturer-direct firms.

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The online mortgage industry has transformed the process of obtaining a mortgage.

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All of the following statements about the MOTO sector are True except:


A) compared to general merchandisers, the transition to e-commerce has been easier for MOTO firms.
B) the MOTO sector is also referred to as the specialty store sector.
C) MOTO was the last technological revolution that preceded e-commerce.
D) distribution of catalogs is one of MOTO retailers' biggest expenses.

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All of the following services require extensive personalization except:


A) financial services.
B) legal services.
C) medical services.
D) accounting services.

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________ refers to the ability of firms to survive as profitable business firms during the specified period.

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Online retail constitutes about 6% of the total retail market today.

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Almost all recruiting professionals now use social networks to find new employees.

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Online retailing provides an example of the powerful role that intermediaries continue to play in retail trade.

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What is the largest sector of the online travel services market in terms of revenue?


A) hotel reservations
B) car reservations
C) cruise/tour reservations
D) airline reservations

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All of the following are advantages of online retail except:


A) lower supply chain costs.
B) lower cost of distribution.
C) ability to change prices.
D) faster delivery of goods.

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