Shopping Online Allows Customers to Compare Prices of Many Goods

question 318

Multiple Choice

Shopping online allows customers to compare prices of many goods and services. This technology will likely

• A) cause businesses to increase their focus on nonprice 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:

Income Redistribution

The reallocation of income across a society through taxation, monetary policies, and welfare systems.

Total Utility

The total satisfaction received from consuming a particular quantity of a good or service.

Incentives

Rewards or penalties that influence the motivation and behaviors of individuals and organizations towards certain actions.

Minimum-Wage Laws

A law that establishes the minimum hourly wage employers are legally allowed to pay their employees.