EOSS on Online Platforms

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Questions and Answers

What is the primary purpose of the End-Of-Season Sale (EOSS) on an online platform?

  • To clear out old inventory and make room for new products (correct)
  • To focus on a specific product category
  • To introduce new products
  • To increase prices and maximize revenue

What motivates consumers to participate in the End-Of-Season Sale (EOSS) on an online platform?

  • The need to follow the latest fashion trends
  • The requirement to fulfill specific product needs
  • The expectation of discounts and bargains on existing products (correct)
  • The desire to purchase new products at regular prices

What is a common characteristic of consumers who participate in the End-Of-Season Sale (EOSS) on an online platform?

  • They are early adopters of new products
  • They are price-sensitive and value-driven (correct)
  • They are impulsive and spontaneous buyers
  • They are loyal to specific brands

What is the primary benefit of the End-Of-Season Sale (EOSS) to the online platform?

<p>Reduction in inventory holding costs (B)</p> Signup and view all the answers

What is a possible outcome of the End-Of-Season Sale (EOSS) on an online platform?

<p>Clearing out old inventory to make room for new products (B)</p> Signup and view all the answers

What drives consumers to be more price-sensitive during the End-Of-Season Sale?

<p>Perception of better value for money (A)</p> Signup and view all the answers

Which of the following best describes the consumer's mindset during the End-Of-Season Sale?

<p>Spontaneous and impulsive (D)</p> Signup and view all the answers

What is a key challenge faced by online platforms during the End-Of-Season Sale?

<p>Managing high traffic volumes (B)</p> Signup and view all the answers

How do consumers typically perceive the products offered during the End-Of-Season Sale?

<p>As inferior or outdated (A)</p> Signup and view all the answers

What motivates online platforms to offer the End-Of-Season Sale?

<p>To clear out old inventory (D)</p> Signup and view all the answers

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