The Internet Allows Customers to Compare Prices of Many Goods

question 338

Multiple Choice

The Internet allows customers to compare prices of many goods and services.This technology will likely:

• A)cause businesses to increase their focus on non-price aspects of their promotional message.
• B)bring about more emphasis on demand-oriented pricing.
• C)diminish in importance as quickly as other fads.
• D)focus government attention on the collusive pricing practices of firms in specific industries.

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Definitions:

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, aimed at standardizing practices across states.

Assignment of Accounts Receivable

The transfer of the right to collect money owed on outstanding invoices from the original creditor to another party.

Security Interest

A lien given by a debtor to his creditor to secure payment or performance of a debt or obligation.

Sale of Goods

A transaction involving the transfer of ownership of goods from the seller to the buyer for a price.