Some grocery stores collect data on competitive prices
A) by calling their competitors.
B) on a quarterly basis.
C) through stores' purchase data.
D) from their resellers.
E) by using full-time comparison shoppers.

Question

Quizplus · Accepted Answer

Using full-time comparison shoppers is the most effective and accurate way for grocery stores to collect data on competitive prices as it involves physically visiting the competitors' stores and gathering firsthand information on prices and promotions. Other methods such as calling competitors or relying on quarterly data may not be as reliable or up-to-date.

Some Grocery Stores Collect Data on Competitive Prices