The Internet Raises the Bargaining Power of Customers Most Effectively

question 87

Multiple Choice

The Internet raises the bargaining power of customers most effectively by:

• A) creating new opportunities for building loyal customer bases.
• B) making more products available.
• C) making information available to everyone.
• D) lowering transaction costs.
• E) reducing barriers to entry.

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Definitions:

Reasonable Estimate

An approximation or educated guess based on available information and sound judgment, considered to be fair under the circumstances.

Breaches

Acts of breaking or failing to observe a law, agreement, or code of conduct.

Specify

To clearly identify or describe something in detail.

Pastuerizing Equipment

Machinery used in the pasteurization process to sterilize food and drink products, such as milk, by heating them to eliminate pathogens.