Which of the following statements about cost and its impact on online shopping is most accurate?
A)Fixed pricing is commonly used online because there is no need to respond quickly to changes in supply and demand conditions.
B)The margin for online offerings is usually higher than those purchased in a traditional marketplace.
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 is one of the major reasons for the popularity of online shopping. The other options are not accurate as fixed pricing is not commonly used online, the margin for online offerings may not necessarily be higher than traditional marketplaces, dynamic pricing is not the most commonly used pricing strategy, and while shipping and handling fees may increase the cost, there can still be a price advantage for online purchases.

Which of the Following Statements About Cost and Its Impact