Shopping online allows customers to compare prices of many goods and services. This technology will likely:

a. focus government attention on the collusive pricing practices of firms in specific industries.
b. bring about more emphasis on demand-oriented pricing.
c. diminish in importance as quickly as other fads.
d. cause businesses to increase their focus on nonprice aspects of their promotional message.

Question

25-04-2020
Business

contestada

Shopping online allows customers to compare prices of many goods and services. This technology will likely:

a. focus government attention on the collusive pricing practices of firms in specific industries.
b. bring about more emphasis on demand-oriented pricing.
c. diminish in importance as quickly as other fads.
d. cause businesses to increase their focus on nonprice aspects of their promotional message.

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ogechukwubenedict ogechukwubenedict · Answer 1 · 2020-04-26T02:47:53+02:00

Answer: d. cause businesses to increase their focus on nonprice aspects of their promotional message.

Explanation: The internet has made it possible for shopping to be done online. Businesses will most likely increase their focus on nonprice aspects of their promotional message as a result of the technology. This would be largely due to an increase in price competition as more and more consumers have instant access to prices from all around the world and in response to this, nonprice competition is more likely to be on the rise.