Which of the Following Best Describes How New Information Systems

question 30

Multiple Choice

Which of the following best describes how new information systems result in legal gray areas?

• A)They work with networked,electronic data,which are more difficult to control than information stored manually.
• B)They result in new situations that are not covered by old laws.
• C)They are implemented by technicians rather than managers.
• D)They are created from sets of logical and technological rules rather than social or organizational mores.
• E)They are little understood by politicians or lawyers.

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Definitions:

Reference Pricing

Psychological pricing strategy common in retailing goods for which consumers have an idea of what the price “should be.”

Price Lining

A pricing strategy where products or services are grouped into different price ranges to target various consumer segments.

Retail Goods

Products that are sold to the end consumer for personal or household use.

Price Skimming

A pricing strategy where a firm charges the highest initial price that customers will pay and lowers it over time as demand at the higher price is satisfied.