In order to ensure that prices at Penny Pincher remain well below their competition,managers at Penny Pincher regularly review the best practices and pricing policies of other grocery stores.They then use this information to improve upon their current plans.Which planning tool are the Penny Pincher managers using?

Question

Quizplus · Accepted Answer

The managers at Penny Pincher are using benchmarking as a planning tool by reviewing the pricing policies of other grocery stores and improving upon their current plans based on this information.

In Order to Ensure That Prices at Penny Pincher Remain