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Kss612 Kss612
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Which of the following has been greatly influenced by the increased use of social commerce websites and internet access, especially when buyers don't see much difference among available products?

▸ Cost structure

▸ Price elasticity

▸ Fixed costs

▸ Competition

▸ Government regulations
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Business in Action


Edition: 9th
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solid1solid1
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Competition

The easier it is for buyers to compare prices, for instance, the more important competitive prices become-particularly when buyers don't perceive much difference among the available products.

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