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What difficulty may a shop face if it does not accept digital payments?

Answer and explanation

Correct answer: Losing some customers who prefer digital payments

Digital payments are convenient and preferred by many customers. If a shop does not accept payments through UPI, cards, or wallets, such customers may choose another shop. Therefore, the shop may lose some digital customers and potential sales. Taxes do not end, and goods do not become free, because a shop refuses digital payments. Exam tip: In the technological environment, adoption of new technology affects customer convenience and business competitiveness.

Related tags

Technological EnvironmentDigital PaymentsCustomer ConvenienceTechnology AdoptionBusiness CompetitivenessBusiness EnvironmentBusiness StudiesClass 12 Mcq

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