Walmart and Home Depot Emphasize Consistently Low Prices and Eliminate

question 166

Multiple Choice

Walmart and Home Depot emphasize consistently low prices and eliminate most markdowns with a retail pricing strategy called

• A)low-margin.
• B)value based.
• C)everyday low pricing.
• D)everyday fair pricing.
• E)markdown pricing.

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Definitions:

Incidental Beneficiary

One who unintentionally gains a benefit from a contract between other parties.

Donee Beneficiary

A third party who benefits from a contract in which a promisor agrees to give a gift to the third party.

Incidental Beneficiary

A third party who may benefit from a contract between two other parties, even though the benefit was not the purpose of the contract.

Civil Code

A systematic collection of laws designed to comprehensively deal with the core areas of private law such as property, family, and contracts.