📖📖 Read the paragraph and give answers.🔶
▪️Simple definition of On Line Shopping or Shopping on the Web is enabling you to buy and sell through your computer on-line using Web or Internet environment. One reason people like without a salesperson because you can browse inside the shop for number of hours at your leisure time without a salesperson peering over the shoulder and making unwanted recommendations. As a customer, we may find this approach convenient and less time consuming, but how does this affect the economy as a whole? Is it safe to pay credit card online? Is buying and selling products over the internet considered as a risky business for merchants? Is the Web going to replace old-fashioned stores? Is virtual shopping really is better than the real thing? Cyberspace is a vast territory where computers meet and exchange information. In this 21st century, cyberspace has already to your computer will look you into wealth of goods and services.

In your home, modern box attached to your computer will look you into wealth of goods and services. Not only does it allow you to talk to your friends on the other side of the world, but also allows you to watch a movie, buy airline tickets, pay bills and even get cash, People in developed countries like U.S. and Canada have already started using On Line Shopping as a routine mode of their purchasing goods and services. Internet shoppers still believe that there is no secure and convenient way of paying on the Internet. Consumers are concerned with two main security fears. They are worried that their credit card information is jeopardizing while travelling over the net. They also express concern over data privacy whereby the vendors and blanking institutions can tamper with the data and easily record their purchasing habits. These fears over privacy and security have kept E-Commerce from taking off.

📖📖 Read the passage and give answers 🔶🔶
▪️There is a question whether advertising induces demand for an individual company's product more or less elastic. The evidence indicates that the advertising of brands tends to make their demands relatively inelastic for varying periods of time. The data which support this condition are found in the relatively rigid prices of many advertised articles. That brand advertising would have this effect is natural, for an objective of brand advertising is to build consumer preferences. Some consumers will stick by a brand even though its price relationship with competing brands are disturbed. Clearly, the establishment of strong brand preference has led some manufacturers to act as though these preferences made the demand for their brands relatively inelastic.

Rarely have they tested the inelasticity of their brands by raising and holding up their prices when competitors have failed to follow similar procedures. Yet, numerous examples were found in which manufacturers in periods of depression held their prices rigid while prices generally and the prices of some competitors were being lowered. In all such instances price competition was found to come into play sooner or later, and either demand shifted to sellers with lower prices or a reduction in price was forced. The quickness with which price competition comes into
play varies in different product fields. In the fields of proprietary remedies, the highly individualised nature of the branded products and the tendency of consumers to build strong attachments to brands has given these brands an inelastic demand over relatively long periods of time. Even in these instances, however, price competition has eventually developed.

29th sep 2nd shift 2022 analysis.pdf

29th sep 2022 exams topics & analysis.pdf
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