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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?

Reduction in inventory holding costs Signup and view all the answers

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

Clearing out old inventory to make room for new products Signup and view all the answers

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

Perception of better value for money Signup and view all the answers

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

Spontaneous and impulsive Signup and view all the answers

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

Managing high traffic volumes Signup and view all the answers

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

As inferior or outdated Signup and view all the answers

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

To clear out old inventory Signup and view all the answers