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Question
Compare the products and their prices available on the internet and in retail shop.
Activity
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Solution
The prices of the same products can be compared between online shopping websites and retail shops. An example comparison is given below:
| Product | Price on Internet | Price in Retail Shop | Observation |
|---|---|---|---|
| Mobile Phone | ₹ 15,000 | ₹ 15,500 | Online price is lower |
| Headphones | ₹ 1,200 | ₹ 1,350 | Online price is lower |
| School Bag | ₹ 900 | ₹ 950 | Online price is slightly lower |
| Sports Shoes | ₹ 2,000 | ₹ 2,200 | Online price is lower |
| Water Bottle | ₹ 450 | ₹ 400 | Retail shop price is lower |
| Calculator | ₹ 650 | ₹ 700 | Online price is lower |
From the comparison, it can be observed that online prices may be lower because of discounts and special offers, whereas retail shops allow customers to see and examine the product before purchasing it and get the product immediately.
Prices may vary depending on the seller, location, brand, discounts and offers available at the time of purchase.
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Chapter 5: Emerging Modes of Business - Intext Questions [Page 101]
