Which of the following is true about shopping bots?
A)They encourage a more creative use of advertising.
B)They create opportunities for prestige pricing.
C)They search the Web for the best price for a product.
D)They create inelastic demand.

Question

Quizplus · Accepted Answer

Shopping bots are designed to search the internet for the best deal on a particular product, which makes it easier for consumers to find the lowest price. This can lead to more price competition among retailers, which could ultimately drive prices down. Shopping bots do not necessarily encourage more creative advertising or create opportunities for prestige pricing, and they do not create inelastic demand.

Which of the Following Is True About Shopping Bots