Costco is able to keep costs down and offer low prices thanks to a no-frill shopping experience. It offers thousands of different products and does take into consideration customer preferences. After realizing the popularity of organic food products, Costco quickly stocked more of these items and created an initiative to help farmers buy land to grow organic crops. How does Costco prioritize efficiency and responsiveness?
A) high efficiency, low responsiveness
B) high efficiency, high responsiveness
C) low efficiency, low responsiveness
D) low efficiency, high responsiveness

Question

Quizplus · Accepted Answer

Costco prioritizes efficiency by keeping costs low through a no-frills shopping experience and offering a limited selection of products. However, it also demonstrates high responsiveness by quickly responding to customer demands for organic food products and implementing initiatives to support organic farmers.

Costco Is Able to Keep Costs Down and Offer Low