Price comparison sites
What Price comparison sites means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Price comparison sites
Check what you remember
Read the wording for your board, then hide it and explain Price comparison sites in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
Services that reduce information asymmetry by allowing consumers to easily compare prices across suppliers.
Topics that use Price comparison sites
- How the digital economy affects markets and firms (Pearson Edexcel A-Level)
Related terms
- Cost structures
- Creative destruction
- Digital skills
- Market competition
- Micromarketing
- Profit and loss
- Social media
- Viral marketing
Using Price comparison sites in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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