Walmart Walmart, the World's Largest Retailer by Revenue, Announced That It

question 25

Multiple Choice

Walmart
Walmart, the world's largest retailer by revenue, announced that it will get back to its founder's roots by initiating more price cuts. Critics claimed that the giant was getting away from its original focus because it posted relatively high gross profit margins. CEO Mike Duke assuaged critics by saying Walmart's $400 billion in sales will become even larger because the price cuts will attract more customers and it will lower its costs of goods sold.
-Refer to Walmart.Which type of pricing strategy describes Walmart's commitment to offer consistently lower prices?

• A) High-low pricing
• B) Everyday low pricing
• C) extreme value pricing
• D) Prestige pricing
• E) Marginal pricing

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Definitions:

Fringe

In a societal context, refers to ideas or activities that are unconventional or lie at the edge of mainstream acceptance.

Ideas

Concepts, thoughts, or opinions that form in the mind as a result of mental activity and creativity.

Leader Behavior

Leader Behavior encompasses the actions, decisions, and practices undertaken by a leader to guide, influence, and manage a group of people or an organization.

Tough Work

Work that is physically or mentally challenging, requiring significant effort and resilience.