Question

Industry observers expect the popularity of home shopping to increase during the next few years due to the:

1) introduction of interactive television
2) economic development in India
3) formation of European Union
4) introduction of iPhone
5) introduction of TV shops

Answer 1

The rise in home shopping is linked to technological advancements like interactive television and the global reach of the internet, which increase competition and offer businesses profitable opportunities.

Step-by-step explanation:

The popularity of home shopping is expected to increase due to several factors, one of which is the introduction of interactive television. With such advancements, along with the growing trend of globalization and technology, consumers have access to goods and services from all around the world.

This has increased the level of competition among local retailers and has paved the way for a more interconnected market. Furthermore, the introduction of new technologies often presents profitable opportunities for businesses. For instance, improvements in communications technologies and innovations like the development of the internet have significantly altered consumer shopping habits by allowing them to purchase a vast array of products online.