How Does the Internet Affect the Way You Purchase Your

question 111

Multiple Choice

How does the Internet affect the way you purchase your textbooks?

• A) The Internet gives you fewer choices.
• B) The Internet increases your bargaining power.
• C) The Internet provides you with less information.
• D) The Internet decreases your bargaining power.
• E) The Internet increases your switching costs.

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Definitions:

Public Online Ledger

A transparent and accessible electronic database that records transactions or data entries, commonly seen in blockchain technology.

Cryptocurrency Transaction

A digital agreement carried out between two parties using encryption techniques to secure the transfer of digital currencies.

Dark Web

A part of the internet that is intentionally hidden from standard search engines and browsers, requiring specific software to access, often associated with illegal activities.

Deep Web

Any part of the Internet that you can’t find by using a search engine, such as areas protected by a password or a paywall.