In response to a(n),many retailers have cut costs,used price promotions,and added new value pitches to their positioning.

Question

Quizplus · Accepted Answer

A down economy typically results in decreased consumer spending and therefore retailers must cut costs, offer price promotions, and add value pitches to maintain profits. This response would not be as common in an up economy or in response to a dot-com boom or shift in retail technology. The dot-com meltdown may have affected online retailers specifically, but may not have significant impact on brick and mortar retailers.

In Response to A(n),many Retailers Have Cut Costs,used Price Promotions,and