As part of their regular retail pricing strategy,some retailer will emphasize consistently low prices and eliminate most markdowns.This practice is referred to as __________.

Question

Quizplus · Accepted Answer

The practice of consistently emphasizing low prices and minimizing markdowns is known as everyday low pricing. Option A, low-margin pricing, is a pricing strategy where retailers keep their profit margins low in order to offer lower prices to the customers. Option C, everyday fair pricing, is not a commonly used retail pricing strategy. Option D, value-based pricing, is a pricing strategy where pricing is based on the perceived value of the product or service. Option E, maintained pricing, is the practice of maintaining a consistent price for a product or service over a set period of time.

As Part of Their Regular Retail Pricing Strategy,some Retailer Will