Interactivity That Enables Product Customization Alters Industry Structure by Reducing

question 22

True/False

Interactivity that enables product customization alters industry structure by reducing the threat of substitutes.

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Definitions:

Percent Discount

A reduction in price, usually calculated as a certain percentage of the original price.

Full Amount

The complete or total sum of money required or specified, without deductions.

Ratify Contracts

The formal approval or confirmation of a contract, making it officially valid.

Principals

The main parties involved in a transaction or contract, typically who have the primary responsibility and interest in the agreement.