What Is the Difference Between an EDLP Retailer and a High-Low

question 53

Essay

What is the difference between an EDLP retailer and a high-low retailer? Why does Carmex charge them a different price?

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Definitions:

Percent Equivalent

A value expressing a number as a fraction of 100, used to describe the relative size of a part to a whole.

Repeating Decimal

A decimal fraction in which a figure or group of figures repeats indefinitely.

Percent Equivalent

A value expressed as a percentage that represents a fraction of 100, indicating a part of a whole in percentage terms.

Terminating Decimal

A numerical value expressed in the decimal system with a limited number of digits following the decimal point.