Supermarkets Usually Display Items Such as Candies, Gums, and Magazines

question 72

Multiple Choice

Supermarkets usually display items such as candies, gums, and magazines near the checkout counter because:

• A) they tend to be purchased on the spur of the moment.
• B) they can be replenished easily on short notice.
• C) of the prestige associated with their ownership.
• D) they are closely evaluated prior to purchase.

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Definitions:

Related Goods

Products or services that are connected by consumer preferences or demand, such as substitutes and complements.

Price Decreases

Occurs when the cost of a good or service drops, often due to factors like increased supply, reduced demand, or competitive market pressures.

Substitutes

Goods or services that can be used in place of each other, where the increase in the price of one leads to an increase in demand for the other.

Price Increases

Occurs when the cost of goods or services rises over a period of time.