Which of the following statements about cost and its impact on online shopping is MOST ACCURATE?
A)Dynamic pricing is commonly used online because there is no need to respond quickly to changes in supply and demand conditions.
B)The margins for online offerings is usually higher than those purchased in traditional marketplaces.
C)Dynamic pricing is the most commonly used pricing strategy for Internet purchases.
D)Any price advantage for online purchases is lost in shipping and handling fees.
E)Lower external information search costs is one of the major reasons for the popularity of online shopping.

Question

Quizplus · Accepted Answer

The statement that lower external information search costs is one of the major reasons for the popularity of online shopping is the most accurate. This is because online shoppers can easily compare prices and products from various sellers without the need to physically visit different stores, saving time and effort in the process. It is true that dynamic pricing is used online, but it is not the most commonly used pricing strategy. Margins for online offerings may not always be higher than traditional marketplaces. Shipping and handling fees do add to the cost, but this does not necessarily negate the price advantage of online shopping.

Which of the Following Statements About Cost and Its Impact