Which of the following statements is true of shopping bots?
A)The broad-based type of shopping bot searches for prices for only one type of product.
B)They create opportunities for prestige pricing.
C)They theoretically give pricing power to a consumer.
D)The niche-oriented shopping bot searches a wide range of product categories.

Question

Quizplus · Accepted Answer

Shopping bots theoretically give pricing power to a consumer as they provide an easy way to compare prices across different websites, allowing consumers to make informed decisions about where to purchase a product at the lowest price. The other statements are false. The broad-based shopping bot searches for prices across a wide range of product categories, while the niche-oriented shopping bot focuses on specific product categories. Shopping bots also discourage prestige pricing as consumers are more likely to seek out the lowest price available.

Which of the Following Statements Is True of Shopping Bots