Modern retail businesses are those that use current technologies and strategies to operate, such as e-commerce.

Modern retail businesses are those that only sell offline and avoid digital transactions.

Modern retail businesses rely solely on brick-and-mortar stores without any online presence.

Modern retail businesses exclusively focus on traditional sales methods, avoiding any technological integrations.

Digital risks involve having surplus inventory that doesn't sell.

Digital risks involve threats from online activities, such as data breaches or cyber-attacks.

Digital risks involve having too many physical stores.

Digital risks are primarily about reducing the workforce.

They can monitor suppliers, diversify their supply sources, and build strong relationships with key suppliers.

They can reduce the number of products offered to minimalize supply chain complexity.

They can eliminate international suppliers and rely solely on local ones.

They can invest in real estate instead of their supply chain.

Customer loyalty always remains constant, thus posing no risk.

Customer behavior only poses risks during holiday seasons.

Customer behavior increases the number of transactions consistently, which is considered a risk.

Changes in customer preferences can lead to obsolete stock and unexpected declines in sales.

Rapid technological advancement is considered an economic risk.

An economic risk can be a recession, which decreases consumer spending adversely affecting sales.

Having a global market presence is considered an economic risk.

Continuous innovation and new product launches are always an economic risk.