Which of the following statements is true about shopping bots?
A)The broad-based type of shopping bot searches for prices for only one type of product such as consumer electronics (CNET) or travel-related services (Kayak).
B)They create opportunities for prestige pricing.
C)They search the Web for the best price for a product.
D)The niche-oriented shopping bot searches a wide range of product categories such as Google Shopping or Nextag.

Question

Which of the following statements is true about shopping bots?
A)​The broad-based type of shopping bot searches for prices for only one type of product such as consumer electronics (CNET) or travel-related services (Kayak).
B)They create opportunities for prestige pricing.
C)They search the Web for the best price for a product.
D)​The niche-oriented shopping bot searches a wide range of product categories such as Google Shopping or Nextag.

Quizplus · Accepted Answer

Shopping bots are designed to search the web for the best prices for a product, comparing prices across different websites and retailers. This helps consumers find the best deals and can lead to increased pressure on retailers to offer competitive prices. Prestige pricing, which involves charging higher prices for luxury or status goods to convey exclusivity or high quality, is not related to the use of shopping bots. The other choices are incorrect because broad-based shopping bots search for a variety of products, while niche-oriented bots focus on specific categories.

Which of the Following Statements Is True About Shopping Bots