Barry's is a chain of retail stores that stocks a large variety of goods and practices high-low pricing.This means that Barry's is likely to ________.
A) have low volume and low markups
B) charge low prices constantly
C) offer numerous sales or discounts
D) compete on the basis of price rather than product or service quality
E) use predatory pricing to eliminate competition

Question

Quizplus · Accepted Answer

High-low pricing means that a retailer like Barry's offers frequent sales and discounts, making option C the most likely choice. Option A is incorrect because low volume and low markups do not necessarily align with high-low pricing. Option B is unlikely because high-low pricing typically involves offering regular discounts instead of constantly low prices. Option D is not necessarily true, as retailers that practice high-low pricing can compete on product or service quality as well. Option E is not a characteristic of high-low pricing.

Barry's Is a Chain of Retail Stores That Stocks a Large