Price Chopper Is a No-Frills Grocery Chain

question 24

Multiple Choice

Price Chopper is a no-frills grocery chain.It sells grocery staples right out of crates and boxes with emphasis on low-priced,private-label brands.The chain targets bargain hunters who are willing to rent a cart and bag their own groceries.
-Refer to Price Chopper.What does Price Chopper use to create its competitive advantage?

• A)demand and supply curves
• B)efficient labour
• C)production innovation
• D)no-frills goods and services

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Definitions:

Political Orientation

Describes an individual's or group's predisposition towards certain political ideologies, parties, or policies.

Independent Variable

A variable in an experiment or model that is manipulated to observe its effect on a dependent variable, being the cause in a cause-and-effect relationship.

Criterion Validity

The extent to which a measure is related to an outcome.

Quality

The degree to which a set of inherent characteristics fulfills requirements or expectations.