Department Stores Such as Kohl's and Macy's Are Interested in Learning

question 332

Multiple Choice

Department stores such as Kohl's and Macy's are interested in learning how much their competitors are charging for similar merchandise. Which of the following practices might these retailers utilize to identify competitors' prices?

• A) Employing comparative shoppers who systematically collect data on prices at competing stores
• B) Stealing price lists from a display at a trade show
• C) Hiring sales representatives from competitor's companies and asking them to share price information
• D) Pretending to be a buyer and soliciting pricing information from their competitor

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Definitions:

Public Policy

A system of laws, regulatory measures, courses of action, and funding priorities by a government or its representatives.

Medical Resources

Refers to medical supplies, facilities, services, and personnel available to provide healthcare to individuals.

Ageism

Discrimination or prejudice against individuals based on their age.

Senior Citizen's Club

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