Why Has the Practice of Running Frequent Sales Often Backfired

question 22

Multiple Choice

Why has the practice of running frequent sales often backfired for retailers?

• A)Fewer shoppers are interested in bargain hunting.
• B)Changing price points have had little effect on store images.
• C)Consumers become trained to buy only when the retailer is having a sale.
• D)Shoppers are more interested in store image than in price points.
• E)Department stores have resisted using everyday-low-pricing strategies.

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Definitions:

Labor

The work performed by humans which is often measured in terms of hours or productivity and is a fundamental factor of production.

Market Wage

The prevailing pay rate for work of a given nature in a specific market or industry.

Labor Supply

The total hours that workers are willing and able to work in a given period, often influenced by factors like wages, working conditions, and social norms.

Capital

Financial assets or the financial value of assets, such as cash and goods, used to generate wealth through investment or production.