Read the following extract:
The bank's chief economist Craig James said:
"An iPod Nano should broadly cost the same across the globe. If there were substantial price differences customers would switch their purchases to other countries, especially given the power of Internet."
Question: explain why Mr James would think that "the power of Internet" should help ensure that the Nano "should broadly cost the same across the globe".
The bank's chief economist Craig James said:
"An iPod Nano should broadly cost the same across the globe. If there were substantial price differences customers would switch their purchases to other countries, especially given the power of Internet."
Question: explain why Mr James would think that "the power of Internet" should help ensure that the Nano "should broadly cost the same across the globe".
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I would think it's because you could buy it online.
What if you had a required textbook that was $100 in your bookstore and you knew you could get it from Canada via Amazon for $40. How many people would go to the bookstore?
What if you had a required textbook that was $100 in your bookstore and you knew you could get it from Canada via Amazon for $40. How many people would go to the bookstore?