Which of the Following, If True, Would Best Support Marquand's

question 119

Multiple Choice

Which of the following, if True, would best support Marquand's position?

• A) Having information to help it plan gives a business the greatest competitive edge.
• B) Information technology has given consumers more choices than ever before.
• C) The majority of consumers make at least one online purchase per month.
• D) Information technology has greatly increased the choices available to consumers.
• E) Most businesses are motivated to take advantage of the latest information technology.

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Definitions:

Oligopolist

An oligopolist is a producer or seller in an oligopoly market structure, characterized by a small number of firms dominating the market, leading to limited competition.

Prices

The plural form referring to the various amounts of money that goods or services are bought and sold for in a market.

Price Discrimination

The strategy of selling the same product or service at different prices to different customers, based on their willingness or ability to pay.

Consumer Surplus

The discrepancy between the total sum consumers are prepared and capable of spending for a product or service, and the total sum they end up paying.