Which of the Following Statements About Cost and Its Impact

question 2

Multiple Choice

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

• A) Fixed pricing is commonly used online because there is no need to respond quickly to changes in supply and demand conditions.
• B) The margin for online goods is usually higher than those purchased in a traditional marketplace.
• 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 search costs is one of the major reasons for the popularity of online shopping.

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Definitions:

Bill of Rights

The first ten amendments to the U.S. Constitution, guaranteeing fundamental rights and freedoms to American citizens.

Supreme Court

The highest federal court in the United States, noted for its power of judicial review to interpret the Constitution.

Criminally Accused

A person or entity that has been charged with a crime or criminal conduct, pending legal proceedings to determine guilt or innocence.

Fifth Amendment

An amendment to the U.S. Constitution that provides several protections against abuse of government authority, including rights to due process, protection against self-incrimination, and double jeopardy.