Which of the following statements regarding price changes is most accurate?
A)Prices for tangible goods should change monthly,whereas service prices should change quarterly.
B)Changing a product's price too frequently creates antagonism among consumers,yet changing prices too infrequently makes them feel the company is not improving its product sufficiently.
C)Supermarkets should change their prices every week since customers are expecting new prices in the weekly flyers they receive in the mail.
D)Companies selling products over the Internet can instantly change their prices whenever the need arises.
E)Internet price changes are regulated by the Internet Fair Practices Act to protect consumers against price gouging.

Question

Quizplus · Accepted Answer

Because costs are incurred in many price adjustment situations,most firms change prices of their major products infrequently.But on websites,prices can change from minute to minute.

Which of the Following Statements Regarding Price Changes Is Most