The Internet Allows Customers to Compare Prices of Many Goods

question 338

Multiple Choice

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

• A)cause businesses to increase their focus on non-price aspects of their promotional message.
• B)bring about more emphasis on demand-oriented pricing.
• C)diminish in importance as quickly as other fads.
• D)focus government attention on the collusive pricing practices of firms in specific industries.

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Definitions:

National Industrial Recovery Act

A 1933 U.S. law aimed at boosting economic recovery during the Great Depression by regulating industry standards and promoting fair wages and hours for workers.

Industrial Output

The total volume of products and services produced by the manufacturing sector of an economy.

Legislation

Laws or statutes enacted by a legislative body to regulate, authorize, sanction, grant, declare, or restrict various activities.

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months.