Consider Grocery Shopping in the Context of Price Discrimination, When

question 89

Multiple Choice

Consider grocery shopping in the context of price discrimination, when stores try to manipulate buyers into spending more per grocery trip by:

• A) putting the lowest-priced items at eye level.
• B) offering larger shopping carts so you can buy more.
• C) putting full-priced items on the end of aisles where they are in easy reach.
• D) offering store-brand items, which are usually more expensive than name-brand items.
• E) putting items that are needed the most at the front of the store where it is easy to get in and out of the store quickly.

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Definitions:

Rationalizing the Decision

The process of providing logical reasons to justify a decision or course of action.

Utilitarian Approach

An ethical philosophy suggesting that the best action is the one that maximizes utility, often defined as maximizing happiness and reducing suffering.

Stakeholder Approach

A business strategy that considers the interests and impacts of all stakeholders, including shareholders, employees, customers, and the community.

Business Problem

a challenge or issue faced by a company that demands resolution for operational or strategic success.