Department Stores Such as Kohl's and Macy's Practice High-Low Pricing

question 136

Multiple Choice

Department stores such as Kohl's and Macy's practice high-low pricing by ________.

• A) charging a constant, everyday low price
• B) providing few or no temporary price discounts
• C) increasing prices temporarily on select products
• D) having frequent sale days for store credit-card holders
• E) underpricing most consumer items

---

Definitions:

Homeowners' Insurance

An insurance policy that provides financial protection against losses and damages to an individual's home and assets in the home.

Insurable Interest

A requirement for purchasing insurance, denoting the policyholder must stand to lose financially if the insured event occurs.

Damage

The monetary compensation required by law to be paid to an individual or entity as restitution for harm or injury they have incurred.

Indemnify

To compensate for harm or loss; in legal contexts, often involves a party agreeing to bear any losses or damages incurred by another party.