The Internet Leads to Greater Customisation of Products to Customer

question 26

True/False

The internet leads to greater customisation of products to customer needs.

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Definitions:

Ethanol Program

A government initiative aimed at promoting the use of ethanol, a renewable fuel derived from plant materials, to reduce dependence on oil and decrease greenhouse gas emissions.

American Consumers

Individuals or groups in the United States who purchase goods and services for personal use.

Total Spending

The aggregate expenditure on goods and services in an economy over a specific period, including consumer spending, government spending, and investment spending.

Price-Inelastic

A characteristic of a product or service when consumers’ demand does not change significantly with a change in its price.