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What Effect Has Social Media Had on the Way Companies

Question 54

Multiple Choice

What effect has social media had on the way companies price their products?


A) Companies are now more likely to price match their competitors.
B) Consumers now have less power over how companies price their products.
C) Companies tend to stick with one price so as to be consistent across social media platforms.
D) Consumers are less likely to compare prices because they can find information on the Internet.
E) Social media has not had an effect on the way that companies price their products.

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