Determining price elasticity is more difficult for an e-commerce company than a typical "bricks-and-mortar" company.

Name: Determining price elasticity is more difficult for an e-commerce company than a typical "bricks-and-mortar" company.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Price elasticity can be more easily determined for e-commerce companies due to the availability of detailed data on customer behavior, pricing, and sales, which can be analyzed to understand how changes in price affect demand.

Determining Price Elasticity Is More Difficult for an E-Commerce Company