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.

---

Definitions:

AASB 127

An accounting standard issued by the Australian Accounting Standards Board that outlines the accounting and reporting principles for investments in associates and joint ventures.

Separate Financial Statements

Financial statements presented by a parent or an investment entity that displays its investments in subsidiaries, associates, and joint ventures at cost or in accordance with specified financial instruments standards.

Reporting Entity

An entity, including companies and governments, that is required to present its financial statements to external users.