Internet Technologies Can Provide Consumers with Easier Access to Pricing

question 84

Multiple Choice

Internet technologies can provide consumers with easier access to pricing information,which increases their bargaining power.To remain competitive and profitable,sellers need smarter pricing strategies,which include each of the following strategies except

• A) greater precision in setting prices.
• B) more adaptability in changing prices.
• C) new ways of customer segmentation for differentiated pricing.
• D) reducing prices.

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Definitions:

Communication

The process of transferring information, meaning, and understanding from one entity or group to another through the use of mutually understood signs, symbols, and semiotic rules.

Team Cohesiveness

The degree to which team members are connected and committed to working together towards common goals, enhancing performance.

Mobile Operating System

The software platform on smartphones and mobile devices that manages hardware and provides common services for mobile applications.

Leadership Form

The style or approach adopted by a leader in guiding, directing, or managing a group or organization.