The effect of the Internet has been to decrease the bargaining power of customers.

Name: The effect of the Internet has been to decrease the bargaining power of customers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The internet has actually increased the bargaining power of customers as they have access to more information, reviews, and price comparisons. Customers can now easily compare prices and products from different sellers, leading to increased competition and ultimately giving customers more power to negotiate prices.

The Effect of the Internet Has Been to Decrease the Bargaining