the internet and product life cycles
How has the Internet affected price considerations?
What regulatory considerations must be taken into account when setting a price?
How do you understand the different stages in an organization's primary product in the product life cycle?
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1) The internet has made the consumer much more powerful as they have now access to much more competitive information. The internet also allows consumers the power to act on this new information immediately. Because a consumer can compare prices for nearly identical products on-line, it makes it harder for companies to charge higher prices than cheaper equivalents. On-line auctions makes it even more difficult. This is particularly true for products requiring ...
Solution Summary
The internet has made the consumer much more powerful as they have now access to much more competitive information.