Which of the Following Statements About Cost and Its Impact

question 194

Multiple Choice

Which of the following statements about cost and its impact on online shopping is most accurate?

• A)Dynamic pricing is commonly used online because there is no need to respond quickly to changes in supply and demand conditions.
• B)The margins for online offerings is usually higher than those purchased in traditional marketplaces.
• C)Dynamic pricing is the most commonly used pricing strategy for Internet purchases.
• D)Any price advantage for online purchases is lost in shipping and handling fees.
• E)Lower external information search costs is one of the major reasons for the popularity of online shopping.

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Definitions:

Semantic Features

Characteristics or attributes that contribute to the meaning of a concept within language, such as "living" or "nonliving" for the concept of an object.

Prototype Theory

A model of categorization in cognitive science where some members of a category are more central than others.

Representative Members

Individuals or elements chosen or considered as typical or characteristic of the larger group or set they belong to.

Research Participants

Individuals who take part in a scientific study or experiment, providing data through their actions, responses, or biological samples.