E- Commerce Allows Companies Like Amazon

question 87

Short Answer

E- commerce allows companies like Amazon.com to interact directly with consumers and experiment with different prices for similar products to see how pricing impacts the demand for the product; something known as price _________.

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Definitions:

Détente

A period of improved relations between the United States and the Soviet Union during the Cold War, beginning in the late 1960s.

Nuclear Arms Reduction

Efforts and agreements aimed at reducing the number and capacity of nuclear weapons globally to prevent nuclear proliferation and decrease the likelihood of nuclear warfare.

United States

The United States is a federal republic in North America, comprised of 50 states, known for its significant influence on global politics, economy, and culture, and for its leadership in democratic values.

Berlin Uprising

A major revolt in East Berlin in 1953 by workers and citizens against the government of the German Democratic Republic (East Germany), brutally suppressed by Soviet forces.