Question

Directions: Summarize the main ideas by answering the questions below.

Suppose you choose a career as a carpenter. You want to sell the wood products you make in the most
profitable way possible, and you want to reach as many customers as you can. Where would you sell your
goods to maximize your profits? What are the advantages and disadvantages of opening your own store?
What are the advantages and disadvantages of selling your products on the Internet via an e-commerce
website?

Answer 1

To maximize profits as a carpenter selling wood products, one could sell their goods through various channels such as opening their own store or selling products on the Internet via an e-commerce website.

Advantages of opening one's own store include having control over the pricing and display of products, the ability to build a local reputation, and the potential for a steady stream of foot traffic. However, disadvantages may include high overhead costs, limited reach, and competition with other local stores.

Advantages of selling products on the Internet via an e-commerce website include a wider reach and potential for a larger customer base, lower overhead costs, and the ability to reach customers at any time. However, disadvantages may include the need to compete with a large number of other online retailers, difficulties in establishing trust with customers, and the potential for technical issues with the website.