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  3. The recession is taking a serious toll on American retail, but e-commerce could emerge as a winner. According to a new repor

The recession is taking a serious toll on American retail, but e-commerce could emerge as a winner. According to a new repor

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问题     The recession is taking a serious toll on American retail, but e-commerce could emerge as a winner.
    According to a new report by Forrester Research, e-commerce sales (beyond travel) are likely to【C1】______11%, to $156 billion, in 2011. That【C2】______a slowdown from 13% growth last year and 18% in 2009. The major factor【C3】______to the pace shift is, of course,【C4】______consumer confidence.
    But e-commerce’s slowed pace is still far better than the National Retail Federation’s forecasted 0.5% drop in【C5】______retail sales this year.
    That means e-commerce is stealing market shares from【C6】______retail — and fast. 【C7】______Forrester’s estimates, in 2010 e-commerce【C8】______for 5% of all retail sales. In 2012, Forrester thinks e-commerce could have an 8% share.
    One recent factor is that online shopping promises【C9】______to price-sensitive consumers. "The recession is definitely【C10】______more consumers to do their homework before they go and complete a(n)【C11】______." says Forrester analyst Sucharita Mulpuru.
    E-commerce is also somewhat protected because online shoppers【C12】______to be wealthier: about half of all online shopping is done by households that earn more than $75,000 per year, even though they’re just about a third of all households with Internet【C13】______.
    【C14】______not all Internet companies are set to benefit【C15】______. Last month, e-commerce giant eBay【C16】______its first-ever quarterly revenue decline, 【C17】______Amazon reported a sales surge of 18%.
    Smaller players are particularly【C18】______risk. "There are some pretty vicious (恶意的) wars as companies go online to get market shares," says Mulpuru. "The【C19】______I have is that we could go back down the spiral (螺旋) of death from 2001 and 2003, when companies would under-price themselves【C20】______thinking about profitability (盈利)."
【C14】
选项 A、Therefore
B、Otherwise
C、But
D、And
答案C
解析 逻辑衔接题。上段讲的是E-commerce is…protected“电子商务在一定程度上是有保障的”，而本段讲的是并非所有电子商务公司都能从中盈利，前后意思转折，故答案为[C]But“但是”。[B]Otherwise“否则，要不然”也表转折关系，但一般不放在句首，且放在此处使句子不通顺。
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