According to the text,which of the following statements about the impact of the Internet on pricing strategy is true?
A) Setting prices on the Internet offers retailers few advantages.
B) One area where the Internet is having a major impact on pricing is the bargaining power between buyers and sellers.
C) The promise of pricing efficiency on the Internet has been realized.
D) Extranets are on-line price-comparison engines.

Question

Quizplus · Accepted Answer

The text states that one area where the Internet is having a major impact on pricing is the bargaining power between buyers and sellers. This suggests that the Internet is impacting the balance between buyers and sellers and therefore their pricing strategies. A, C, and D are not supported by the text.

According to the Text,which of the Following Statements About the Impact