Answer to Question #300628 in Economics for Varla

Question

Amazon is changing the way we buy. Soon there will be no more shopping malls or big stores. Thinking of yourself as a customer is this the next evolution of retailing as we know it? does this concern you? tell us why or why not. (250 words)

Answer 1

Beyond hitting the revenue of traditional retail stores, the Amazon effect has also led to significant changes in consumer shopping patterns. For instance, based on the convenience they experience from online shopping portals, today's shopper expects a lot more variety even while visiting a retail store.