Which of the Following Is an Advantage of Using the Everyday

question 39

Multiple Choice

Which of the following is an advantage of using the everyday low pricing (EDLP) strategy?

• A)This strategy allows retailers to charge higher prices to customers who are not price-sensitive and will pay the "high" price.
• B)This strategy allows retailers to get rid of slow-selling merchandise.
• C)This strategy tends to reduce advertising and operating expenses.
• D)This strategy,when implemented,tends to draw a lot of customers and create a lot of excitement.

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Definitions:

Market Orientation

An organization with a market orientation focuses its efforts on continuously collecting information about customers’ needs, sharing this information across departments, and using it to create customer value.

Post-it Flags

Small, colorful strips of adhesive paper used for marking pages or sections in documents for easy reference.

Environmental Friendly

Practices or products that minimize harmful effects on the environment through reduced pollution or conservation of resources.

Scotch Tape

A brand of pressure-sensitive adhesive tape widely used for sealing, mending, labeling, and mounting in various applications.