A Supermarket Is Considering Automated Checkouts That Would Allow Customers

question 62

Multiple Choice

A supermarket is considering automated checkouts that would allow customers to scan the prices of their foods while shopping. Scanners would be placed around the store in different locations. Which statement, if True, would BEST support the claim that this idea would work better than a floating checkout idea?

• A) There are good locations in the meat, dairy, and bakery aisles to support scanners.
• B) Scanners would be operated by customers during peak times.
• C) Portable scanners require yearly training for staff and customers.
• D) Handheld scanner technology doesn't require extra resources to operate and is virtually self-managed.
• E) The scanners are not portable and hence cannot be broken by customers.

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Definitions:

Dominant Price Leader

A dominant firm that sets the price of a good or service within the market, which other firms then follow, often seen in oligopolistic markets.

Monopolist

An individual or entity that has exclusive control over the supply of a particular good or service, potentially influencing prices and market conditions.

Duopoly

An oligopoly where only two firms dominate the market or industry, often resulting in competitive or strategic behavior.

Oligopoly

A market structure characterized by a small number of firms whose control over the market is significant enough to influence prices and other market factors.