Internet Technologies Can Provide Consumers with Easier Access to Pricing

question 39

Multiple Choice

Internet technologies can provide consumers with easier access to pricing information,which increases their bargaining power.To remain competitive and profitable,sellers need smarter pricing strategies,which include all of the following strategies except:

• A)greater precision in setting prices
• B)more adaptability in changing prices
• C)new ways of customer segmentation for differentiated pricing
• D)reducing prices

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Definitions:

Small Groups

A collection of individuals, typically between 3 and 12, gathered for a common purpose or task.

Medium Size Groups

Groups typically composed of about seven to fifteen members, allowing for more complex dynamics and interactions than small groups, but more personal engagement than large groups.

Focus Groups

A qualitative research method where a group of people are asked about their perceptions, opinions, beliefs, and attitudes towards a product, service, concept, advertisement, idea, or packaging.

Generalizing

The act of applying conclusions or observations from specific instances to broader contexts or populations.