Through the use of the Internet and mobile price comparison applications, ________ has helped to shift the balance of power from companies to customers.
Fill in the blank(s) with the appropriate word(s).
technology
Technology influences pricing strategy in a significant and growing way. The Internet has made it possible for customers to comparison shop for products. Smartphone and tablet technology has unleashed a new era of pricing transparency, as consumers use wireless apps and search engines on their mobile devices in stores to compare prices.
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In the aggregate demand-aggregate supply model, everything else remaining unchanged, an increase in production costs shifts the ____ curve to the ____.
A. long-run aggregate supply; right B. long-run aggregate supply; left C. short-run aggregate supply; right D. short-run aggregate supply; left
Multichannel marketing
A. allows firms to legally circumvent paying taxes on revenue generated by online sales. B. can leverage the value-adding capabilities of different channels. C. allow customers to avoid shipping and handling charges. D. creates greater inelasticity of demand for its product. E. creates greater elasticity of demand for its products.
Lawsuits against a company in connection with an industrial accident would not be listed in the contingent liabilities section on the balance sheet
Indicate whether the statement is true or false
If the mean time between failures has been calculated to be 2,000 hours, then FR(N) = 0.0005 failures/unit-hour
Indicate whether the statement is true or false