The Internet Increases the Bargaining Power of Customers By

question 87

Multiple Choice

The Internet increases the bargaining power of customers by:

• A)creating new opportunities for building loyal customer bases.
• B)making more products available.
• C)making information available to everyone.
• D)lowering transaction costs.
• E)enabling the development of new services.

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Definitions:

ICANN

The Internet Corporation for Assigned Names and Numbers, an organization responsible for coordinating the maintenance and procedures of several databases related to the namespaces of the Internet, ensuring the network's stable and secure operation.

Unique IP Addresses

Distinct numerical labels assigned to each device connected to a computer network that uses the Internet Protocol for communication.

VoIP

Voice over Internet Protocol, a technology that allows for the delivery of voice communications and multimedia sessions over Internet Protocol networks.

Digital Voice Signals

Digital representations of sound waves, particularly those of human voice for communication over digital networks.