The Toby's chain of first-class department stores carries a wide range of product lines,including clothing,jewelry,kitchenware,and home furnishings.Toby's typically charge higher prices on an everyday basis and then holds frequent sales and price promotions to increase store traffic.Toby's most likely uses ________.
A) self-service retailing
B) experiential retailing
C) high-low pricing
D) everyday low pricing
E) franchise retailing

Question

Quizplus · Accepted Answer

Toby's uses a high-low pricing strategy, where they charge higher prices on a regular day and then use price promotions and sales to attract customers. This is a common strategy used by department stores to increase store traffic and incentivize customers to make purchases.

The Toby's Chain of First-Class Department Stores Carries a Wide