What Is the Impact of the Internet on Pricing Strategies

question 83

Essay

What is the impact of the Internet on pricing strategies?

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Definitions:

Universalism

Suggests ethical standards apply across all cultures.

Cultural Relativism

Suggests there is no one right way to behave; ethical behaviour is determined by its cultural context.

Ethical Unethical

Pertaining to the distinction between actions or decisions that are morally right (ethical) and those that are morally wrong (unethical).

Perceptions

The process by which individuals interpret and make sense of sensory information, which can influence their behavior and decision-making.