Instead of Everyday Low Prices (EDLP),supermarkets Prefer A(n)________ Approach,which Is

question 248

Multiple Choice

Instead of everyday low prices (EDLP) ,supermarkets prefer a(n) ________ approach,which is based on frequent specials where prices are temporarily lowered for a brief period of time and then raised again.

• A)Lo-Hi pricing
• B)alternative pricing
• C)Hi-Lo pricing
• D)bundle-pricing
• E)dynamic pricing policy

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Definitions:

Retail Price

the final cost at which a product is sold to consumers, including any markups by retailers.

Supply Chain

The network of all the individuals, organizations, resources, activities, and technology involved in the creation and sale of a product, from the delivery of source materials from the supplier to the manufacturer, and ultimately to the end consumer.

Responsive

The capacity to quickly and effectively adjust to new conditions or changes.

Supply Chain

The interconnected network of individuals, organizations, resources, activities, and technologies involved in the manufacture and sale of a product or service, from the delivery of raw materials to the end user.