Question

Do you think having an online presence reduces business risks? Why or why not?

*200 words

Answer 1

Answer-
Yes, I think that online presence reduces business risk. This is because our company is online the customer has the option of directly coming in contact with the company through its online website and the risk involved in purchasing the product of a well reputed company in terms of duplicacy is reduced to a great extent. The customer can order the product directly to the company's website, and the company can directly ship the product to the house of the customer which will eliminate all the type of risk involved in the product. Online presence also has the advantage of eliminating the risk of investing huge amount in infrastructure for proper demonstration of product. The online presence of of most of the companies has enabled the company to make an online catalog of the product which can easily demonstrate almost all the products on the company's website or a third party website such as Amazon or Flipkart. This has the additional advantage of selling the product at a lower price because ultimately if the company is not investing huge amount in infrastructure, it can easily save amount on maintaining the infrastructure and pass it on to the customer in terms of reduction in price.

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