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Analyze how the information age is changing the nature of pricing and explain your rationale?
Wiki User
∙ 12y ago
In the information age, consumers will be a major force in what companies can charge for a product. Basically, they will be setting prices by indicating what they are willing to pay. Companies, therefore, will have to develop products that meet both the quality demands and price demands of the consumer. This is due to availability of information to the consumer.
Wiki User
∙ 12y ago
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