Costs And Benefits Flashcards, test questions and answers

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What is Costs And Benefits?

Online shopping has become an increasingly popular way for consumers to purchase items. It offers several advantages over traditional brick-and-mortar stores, such as convenience, cost savings, and a wide selection of products. However, there are also some drawbacks that should be considered before engaging in online shopping. This essay will discuss the costs and benefits of online shopping in detail.One of the most obvious benefits of online shopping is convenience. With a few clicks on a laptop or smartphone, shoppers can find what they need from virtually any location with internet access. Furthermore, online shops usually provide detailed product information and customer reviews which help shoppers make informed decisions about their purchases. Additionally, many online stores offer free shipping or discounts on bulk orders which helps save money compared to traditional retail outlets.On the other hand, there are certain drawbacks associated with online shopping that must be taken into consideration before making a purchase decision. For starters, buyers cannot physically inspect products prior to buying them so it is difficult to gauge quality until the item arrives at its destination. Furthermore, the risk of credit card fraud is always present when conducting transactions over the internet as hackers may gain access to personal information such as credit card numbers or addresses stored by retailers’ websites. Finally, delivery times are often longer than expected when purchasing items from overseas suppliers due to customs delays or other reasons beyond the control of merchants and customers alike.