Internet Comparison Shopping Sites Like Shopping

question 118

Multiple Choice

Internet comparison shopping sites like Shopping.com and Pricegrabber.com allow consumers to compare prices of substitute products much more easily than is possible without the Internet.These sites have

• A) reduced the price elasticity demand for individual products.
• B) increased the cross-price elasticity for substitute products.
• C) increased the income effect on price elasticity of demand.
• D) reduced the cross-price elasticity of demand for complementary goods.
• E) decreased the price elasticity of demand for groups of similar products.

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Definitions:

Realistic Job Preview

An informational session or material given to prospective employees that accurately represents the positive and negative aspects of a job.

Collective Socialization

The process by which a group learns and assimilates shared norms, values, and practices.

Marine Corps Boot Camp

An intensive training program designed to teach recruits the physical, mental, and emotional skills necessary for service in the United States Marine Corps.

Encourage Individuality

Creating an environment where differences are celebrated, and employees are motivated to express their unique skills and perspectives.