Question

Before this COVID-19 pandemic situation you were running a travel agency successfully. Due to the lock down your travel agency business has been shut down like your other competitors in the same market. Now in this whole scenario you are compelled to think about to start an E-commerce business. Describe what kind of E-commerce alternatives you have and how you will earn money from these options?

Answer 1

we would like to start an online business concern with the delivery and trading of essential goods and groceries items.

• due to well relevancy and well known to the present area we can efficiently deliver the asked product in real time.
• we would provide the consumer the asked product at a reasonable rates so that we can enjoy larger market share.we can purchase the material in bulk so we can enjoy the economies of scale and thus with minimum margin we can get larger market share which would benefit us in long run.
• by keeping the margin lower the main advantage which we would avail is that none of the consumer group would be able to influence the firm's profit.

in this way we can earn and maximize our profit.