One Possible Outcome of Changes Due to the Evolution of the Internet

question 1

True/False

One possible outcome of changes due to the evolution of the Internet is that it will be hard for firms to differentiate themselves on the basis of low price.

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Definitions:

Incidental Damages

Compensation for unforeseen damages that occur as a secondary effect of a breach of contract.

Resell

The act of selling an item or asset previously bought, typically for profit.

Public Sale

An auction or sale of goods or assets that is open to the general public and conducted by a legal or governmental authority.

Private Sale

is a transaction where goods, assets, or shares are sold directly from one party to another without public auction or market trading.