Buying and selling products/services online is known as what?

Prepare for the WJEC GCSE Business Studies Test with interactive quizzes and detailed explanations. Enhance your knowledge on key business concepts and boost your exam confidence.

Multiple Choice

Buying and selling products/services online is known as what?

Explanation:
Online buying and selling is e-commerce, the online channel used to place goods and services in front of customers. In the marketing mix, Place covers how and where customers can obtain a product. E-commerce fits this perfectly because it delivers offerings via the internet—through online shops, marketplaces, and digital delivery—making it possible to buy from anywhere. The other terms describe different ideas: channels of distribution is the overall path a product takes to reach customers, which can be physical or digital; a retailer is a business that sells to customers; a wholesaler sells to retailers rather than directly to consumers.

Online buying and selling is e-commerce, the online channel used to place goods and services in front of customers. In the marketing mix, Place covers how and where customers can obtain a product. E-commerce fits this perfectly because it delivers offerings via the internet—through online shops, marketplaces, and digital delivery—making it possible to buy from anywhere. The other terms describe different ideas: channels of distribution is the overall path a product takes to reach customers, which can be physical or digital; a retailer is a business that sells to customers; a wholesaler sells to retailers rather than directly to consumers.

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