Edition: August Buy Now
Credit card fraud losses hit $6.2 billion during 2023 because 62 million Americans were affected, and 92% of these incidents occurred without the physical loss of the card. It is projected that card fraud globally will come to a cost of $49 billion each year by 2030 if the current trends continue. The PYMNTS report mentioned that, in previous years, 28% of consumers were considered victims of credit cards. Forbidden access into credit card accounts worries 37% either very or extremely, furthermore.
The Online shopping is a wider market; there are so many pros and cons there. From the economic point of view of preference for online shopping, what are the potential drawbacks? The first one is bargaining power—the bargaining power of the buyer is zero; there is no chance for that in online shopping.
The manufacturing industry can be enlarged in two ways: horizontal integration and vertical integration. Let's see what these two are, one by one. Horizontal integration means a merger with another manufacturer that can produce the same product. This will increase the market share. If that's the case, then we will get the customers of that merger manufacturer.
