Shopping Online Allows Customers to Compare Prices of Many Goods

question 318

Multiple Choice

Shopping online allows customers to compare prices of many goods and services. This technology will likely

• A) cause businesses to increase their focus on nonprice aspects of their promotional message.
• B) bring about more emphasis on demand-oriented pricing.
• C) diminish in importance as quickly as other fads.
• D) focus government attention on the collusive pricing practices of firms in specific industries.

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Definitions:

Security Interest

A legal claim or right granted by a debtor to a creditor over the debtor's property, securing the payment of a debt or performance of some other obligation.

Collateral

An asset offered by a borrower to secure a loan or other credit, which the lender can seize if the loan is not repaid.

Future Advances

Money or other value provided to a debtor by a creditor subsequent to the time a security interest in the debtor’s collateral is taken by that creditor.

Financing Statement

A legal document filed under the Uniform Commercial Code (UCC) that secures a creditor's interest in the debtor's collateral, making the security interest public record.