Name Two Main Drawbacks to Using AFIS

question 106

Essay

Name two main drawbacks to using AFIS.

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Definitions:

Hi-Lo Pricing

A retail pricing strategy where prices are regularly discounted from higher listed prices, creating a sense of value and urgency among consumers.

Everyday Low Prices

A pricing strategy where retailers promise consumers the lowest available prices without periodic sales or discounts.

Supermarkets

Large retail market establishments that sell a wide variety of goods, primarily food and grocery items, but often also household goods.

Trade-In Allowance

The amount a seller offers to reduce the cost of a new item when a customer gives back an old item as part of the transaction.