Which of the following statements about cost and its impact on online shopping is most accurate?
A)Dynamic pricing is commonly used online because there is no need to respond quickly to changes in supply and demand conditions.
B)The margins for online offerings is usually higher than those purchased in traditional marketplaces.
C)Dynamic pricing is the most commonly used pricing strategy for Internet purchases.
D)Any price advantage for online purchases is lost in shipping and handling fees.
E)Lower external information search costs is one of the major reasons for the popularity of online shopping.

Question

Quizplus · Accepted Answer

Lower external information search costs, such as the convenience of being able to compare prices and products without physically visiting multiple stores, is a key factor in the popularity of online shopping. While dynamic pricing and higher margins for online offerings may be true for some cases, they are not universally applicable to all online shopping scenarios. Shipping and handling fees may add to the cost of online purchases, but this is not always the case and can vary depending on the retailer and the product being purchased.

Which of the Following Statements About Cost and Its Impact