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Online purchasing has never been more popular. Industries are more concerned with the advantages and characteristics of purchasing goods online. Merchants can acquire information about members' purchasing habits and behavior through websites or apps. Because e-commerce is such a promising new trend, it necessitates numerous procedures and decisions from firms.

Question:

1 (a) Explain the TWO major benefits of online shopping in detail from the price. (8 marks)

1 (b) Online retailers are not restricted to shelves with limited products in the digital space. They can prepare for more inventory with a wider selection of products. Supported by ONE real example of each, describe TWO web sites dealing with similar arrangements. (12 marks)

1 (c) Explain THREE types of major revenue models apply to the digital companies in 1(b).