Answered

Explore Westonci.ca, the leading Q&A site where experts provide accurate and helpful answers to all your questions. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Explain one impact of high national rates on a small retail business.

Sagot :

GinnyAnswer

Final answer:

The impact of high online retail rates on small businesses includes closures, resource reallocation, and consumer benefits.


Explanation:

One impact of high online retail rates for a small retail business is the potential closure of small establishments, leading to layoffs and impacts on investors and land values. This shift from brick-and-mortar to online retail can cause disruptions in the traditional retail landscape and affect various stakeholders.

Another consequence involves the redistribution of resources from industries focusing on immediate consumption towards those emphasizing long-term production. For example, high-end retail stores may suffer declining sales and consequently reduce their workforce and inventory, impacting the overall economy.

Moreover, consumers benefit from improved products and competitive prices in the online retail sector, leading to increased profits for businesses and higher incomes for employees. Despite some losses, the overall gains to the nation can outweigh these setbacks.


Learn more about Impact of high online retail rates on small businesses here:

https://brainly.com/question/51216980


Thanks for stopping by. We are committed to providing the best answers for all your questions. See you again soon. We appreciate your time. Please come back anytime for the latest information and answers to your questions. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.