Price Chopper Is a No-Frills Grocery Chain

question 76

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.Compared to the other grocery stores,Price Chopper has which of the following?

• A)market-homogeneous strategy
• B)cost competitive advantage
• C)product aggregation strategy
• D)revenue-based competitive advantage

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Definitions:

Lease Liabilities

Financial obligations recorded on the balance sheet representing the present value of future lease payments.

Supplies

Items used in the operating activities of a business, not directly tied to the final product.

Property Plant and Equipment

Long-term tangible assets used in the operation of a business, such as buildings, machinery, and vehicles.

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or the business's operating cycle, whichever is longer.