E-Business Application Report: Comparing Retail Models, Semester 1
VerifiedAdded on 2019/11/29
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Report
AI Summary
This report provides an in-depth analysis of the transformation in the retail industry, specifically focusing on the decline of traditional brick-and-mortar stores and the significant growth of online stores. The study examines how advancements in technology and evolving customer preferences are driving this shift. The report highlights the challenges faced by physical stores in competing with the convenience and accessibility of online platforms, emphasizing the need for traditional retailers to adapt and innovate. The analysis includes a case study that draws a comparison between the two shopping models, exploring the factors contributing to the success of online stores and the strategies physical stores can employ to remain competitive. The findings underscore the importance of online presence, customer experience, and the integration of online and offline retail strategies. The report also discusses the impact of mobile technology on consumer behavior and the future of retail, concluding with insights into how retailers can navigate the changing landscape and retain customer loyalty.
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