How Can a Retailer That Wants to Use an EDLP

question 13

Multiple Choice

How can a retailer that wants to use an EDLP strategy persuade customers away from high/low strategy competitors?

• A) By using price lining
• B) By using a demand-oriented method for setting retail prices
• C) By assuring customers of low prices
• D) By refusing to accept manufacturers' coupons

---

Definitions:

Lead Entrepreneur

The primary individual responsible for setting the vision, direction, and strategy of a startup or entrepreneurship venture, often leading the effort to achieve its objectives.

Financial Support

Funding provided to businesses, individuals, or nations to aid in achieving economic goals or covering expenses.

Product Uniqueness

The distinct characteristics that make a product stand out from its competitors in the market, often leading to competitive advantage.

Entrepreneurs' Network

A supportive community of business founders and entrepreneurs who share resources, knowledge, and connections.