Retailers such as Costco and Walmart charge a constant, daily low price with few or no temporary price discounts. This is an example of ________.
A) competition-based pricing
B) everyday low pricing
C) cost-plus pricing
D) break-even pricing
E) penetration pricing

Question

Quizplus · Accepted Answer

Everyday low pricing is a pricing strategy in which retailers offer a constant, low price for products and services with few or no temporary price discounts. This approach is typically used by retailers such as Walmart and Costco, who seek to differentiate themselves in the market by offering consistent, low prices to customers.

Retailers Such as Costco and Walmart Charge a Constant, Daily