Some Differences Between Online and In-Store Customers Include

question 322

Multiple Choice

Some differences between online and in-store customers include:

• A) In-store customers can usually immediately inspect the product.
• B) Online customers usually have access to a wider product assortment.
• C) In-store customers can usually immediately use the product.
• D) Online customers usually have better access to comparative information about products.
• E) All of these differences are correct.

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Definitions:

Tacit Collusion

An unspoken, unofficial agreement between competitors to avoid certain competitive behaviors, such as price wars, without explicit communication.

Quantity-fixing Agreements

Arrangements among competitors to limit the amount of goods or services produced or supplied, in order to influence market prices or conditions.

Explicitly Colludes

A situation where companies or individuals openly agree to work together, often illegally, to manipulate prices or markets.

Price-and-quantity-fixing

Practices by which firms set the price and output levels to control market conditions, often regarded as anti-competitive.